Nkululeko J. Ntshanga owns a manganese ore mining business in South Africa. He is interested in attracting additional investors to obtain financing for planned expansion. Some potential investors have expressed a concern that money is really being sought to address liquidity problems being faced by Nkululeko's company.

To alleviate this concern Nkululeko provided the following complete list of assets and liabilities of the company. The currency unit is the South African Rand. Use this information to determine the company's current assets, current liabilities, working capital, current ratio, and quick ratio. Based on your calculations, does it appear that the company is experiencing liquidity problems?

Accumulated Depreciation R 4,569,000

Prepaid Rent 45,800

Note Payable (due in 3 months) 100,000

Accounts Receivable 468,000

Accounts Payable 255,000

Patent 3,000,000

Cash 790,000

Supplies 134,800

Unearned Revenues 133,000

Equipment 8,777,600

Interest Payable 45,000

Loan Payable (due in 3 years) 1,500,00