Electric Co. as on 30 June 2010. The following is the Balance Sheet of Kaly $ Assets Liabilities $ Equity Capital Sundry Creditors Bills Payable Bank Overdraft Outstanding expenses 3,00,000 48,000 10,000 5,000 2,000 Land and Building Plant and Machinery Short term Investments Stock in trade Debtors Prepaid expenses Cash in hand 1,50,000 85,000 16,000 50,000 59,000 1,000 4,000 3,65,000 3,65,000 Calculate the following ratios: (i) Current ratio, (ii) Quick ratio. What conclusions do you draw about the company on the basis of these ratios