Cullumber Automotives balance sheet at the end of its most recent fiscal year shows the following information:

Question 14 Cullumber Automotive's balance sheet at the end of its most recent fiscal year shows the following information: Assets: Cash and marketable sec. Accounts receivable Inventory Total current assets $169,000 28,000 Cullumber Automotive Balance Sheet as of March 31, 2017 Liabilities and Equity: $23,000 Accounts payable and accruals 141,000 Notes payable 243,000 $407,000 Total current liabilities Long-term debt Total liabilities 750,000 Common stock 97,000 Retained earnings $1,254,000 Total liabilities and equity $197,000 167,000 $364,000 324,000 566,000 $1,254,000 Net plant and equipment Goodwill and other assets Total assets In addition, it was reported that the firm had a net income of $169,000 on net sales of $4,700,000. Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) What are the firm's current ratio and quick ratio? (Round answers to 2 decimal places, e.g.15.25.) Current Ratio times Quick Ratio times