Current Position Analysis

The following data were taken from the comparative balance sheet of Osborn Sisters Company for the years ended December 31, 20Y9 and December 31, 20Y8:

				Dec. 31, 20Y9			Dec. 31, 20Y8
Cash				$295,200			$218,900
Temporary investments				315,000			239,800
Accounts and notes receivable (net)				289,800			261,300
Inventories				405,000			324,000
Prepaid expenses				195,000			126,000
	Total current assets			$1,500,000			$1,170,000
Accounts payable				$290,000			$315,000
Accrued liabilities				210,000			135,000
	Total current liabilities			$500,000			$450,000

a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.

	20Y9		20Y8
Working capital		$		$
Current ratio
Quick ratio