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Cash and cash equivalents $ 6 2 0 Investments in marketable securities $ 3 0 0 Receivables $ 1 , 4 0 0 Inventories $

Cash and cash equivalents $620
Investments in marketable securities $300
Receivables $1,400
Inventories $1,100
Prepaid expense and other current assets $450
Plant and equipment $3,300
Accounts payable $1,600
Bank loans payable within one year $300
Income taxes payable $300
Retained earnings $1,700
"(A) Compute the quick assets, the current assets, the current liabilities, the quick ratio, and the current ratio.
(B) Comment on quick and current ratios in relation to the industry."

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