Current Position Analysis

The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years:

				Current Year			Previous Year
Current assets:
Cash				$409,600			$321,600
Marketable securities				474,300			361,800
Accounts and notes receivable (net)				194,100			120,600
Inventories				1,219,700			776,500
Prepaid expenses				628,300			496,500
	Total current assets			$2,926,000			$2,077,000
Current liabilities:
Accounts and notes payable
	(short-term)			$446,600			$469,000
Accrued liabilities				323,400			201,000
	Total current liabilities			$770,000			$670,000

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

			Current Year			Previous Year
1. Working capital	$fill in the blank 1			$fill in the blank 2
2. Current ratio	fill in the blank 3			fill in the blank 4
3. Quick ratio	fill in the blank 5			fill in the blank 6