Otis R Corporation had the following comparative current assets and current liabilities:

Dec. 31, 2015

Dec. 31, 2014

Current assets

		Cash	$ 60,000	$ 30,000
		Short-term investments	40,000	10,000
		Accounts receivable	55,000	95,000
		Inventory	110,000	90,000
		Prepaid expenses	35,000	20,000

Total current assets

$300,000

$245,000

Current liabilities

		Accounts payable	$140,000	$110,000
		Salaries payable	40,000	30,000
		Income tax payable	20,000	15,000

Total current liabilities

$200,000

$155,000

During 2015, credit sales and cost of goods sold were $750,000 and $400,000, respectively. Instructions Compute the following liquidity measures for 2015:

1.	Current ratio.
2.	Working capital.
3.	Acid-test ratio.