Calculate the current ratio and the quick ratio for the following partial financial statement for Tootsie Roll. Note: Round your answers to the nearest hundredth. Assets Current assets: Cash and cash equivalents (Note 1) Investments (Note 1) Accounts receivable, less allowances of $742,000 and $738,000 Inventories (Note 1): Finished goods and work in progress Raw materials and supplies Prepaid expenses. Answer is complete but not entirely correct. Current ratio. Quick ratio 3.42 x 3.34 Liabilities Current liabilities:, $ 4,164,190 32,473,769 Notes payable to baks Accounts payable $ 732,221 7,064,075 16,146,648 Dividends payable 636,607 Accrued liabilities (Note 5) 9,886,534 12,590,955 Income taxes payable 4,531,429 10,215,858 1,977,710