Current Position Analysis The following data were taken from the comparative balance sheet of Osborn Sisters Company for the years ended December 31, 2049 and December 31, 2018: Dec 31, 2019 Dec 31, 2048 Cash $ 150,000 $ 100,000 150,000 Temporary Investments 250,000 Accounts and notes receivable (net) 500,000 400,000 Inventories 850,000 610,000 Prepaid expenses 50,000 40,000 Total current assets $1,800,000 $1,300,000 Accounts payable $ 700,000 $ 460,000 Accrued liabilities 50,000 40,000 Total current abilities $750,000 $ 500,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 2049 Working capital Current ratio Quick ratio