Markus Companys common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the following data excerpts from this years financial statements:

	Ending Balance	Beginning Balance
Cash	$ 35,000	$ 30,000
Accounts receivable	$ 60,000	$ 50,000
Inventory	$ 55,000	$ 60,000
Current assets	$ 150,000	$ 140,000
Total assets	$ 450,000	$ 460,000
Current liabilities	$ 60,000	$ 40,000
Total liabilities	$ 130,000	$ 120,000
Common stock, $1 par value	$ 120,000	$ 120,000
Total stockholders equity	$ 320,000	$ 340,000
Total liabilities and stockholders equity	$ 450,000	$ 460,000

	This Year
Sales (all on account)	$ 700,000
Cost of goods sold	$ 400,000
Gross margin	$ 300,000
Net operating income	$ 140,000
Interest expense	$ 8,000
Net income	$ 92,400

7. What is the amount of working capital and the current ratio at the end of this year?

8. What is the acid-test ratio at the end of this year?