Pharoah Corporation recently filed the following financial statements with the SEC.

Pharoah Corporation Income Statement for the Fiscal Year Ended July 31, 2017
Net sales		$77,630
Cost of products sold		55,218
Gross profit		$22,412
Selling, general, and administrative expenses		9,893
Depreciation		1,124
Operating income (loss)		$11,395
Interest expense		688
Earnings (loss) before income taxes		$10,707
Income taxes		3,748
Net earnings (loss)		$6,959

What are the companys current ratio and quick ratio? (Round answers to 2 decimal places, e.g. 52.75.)

Current ratio
Quick ratio

$7,400 6,569 5,592 12,502 $32,063 Pharoah Corporation Balance Sheet as of July 31, 2017 Assets Liabilities and Stockholders' Equity Cash and marketable securities $10,577 Accounts payable Accounts receivable 8,315 Accrued and other liabilities Inventory 9,430 Taxes payable Deferred income taxes 931 Debt due within one year Prepaid expenses & other receivables 2,971 Total current liabilities Total current assets $32,224 Property, plant, and equipment, at cost 66,215 Long-term debt Less: Accumulated depreciation 23.528 Deferred income taxes Net property, plant, and equipment $42,687 Other non-current liabilities Net goodwill and other intangible assets 17,250 Total liabilities Common stock Retained earnings Total stockholders' equity Total assets $92,161 Total liabilities and stockholders' equity 25,740 7,317 5,944 $71,064 3,887 17,210 21,097 $92,161