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Current Position Analysis The following data were taken from the comparative balance sheet of Icon Living, Inc., for the years ended December 31, 2079 and

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Current Position Analysis The following data were taken from the comparative balance sheet of Icon Living, Inc., for the years ended December 31, 2079 and December 31, 2018 Dec. 31, 2049 Dec 31, 20Y8 Cash $364,100 $280,900 Temporary Investments 388,500 307,700 Accounts and notes receivable (net) 357,400 335,400 Inventories 499,500 415,800 Prepaid expenses 240,500 145,200 Total current assets $1,850,000 $1,485,000 Accounts payable $214,600 $231,000 99,000 Accrued liabilities 155,400 Total current liabilities $370,000 $330,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 2019 2018 Working capital Current ratio Quick ratio from 20Y8 to the 2049. The working capital, current ratio, and quick ratio have all b. The liquidity of Icon Living, Inhas Most of these changes are the result of

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