Question 16 of 19 -12 View Policies Current Attempt in Progress (Analysis of assets) Your investment club has accumulated money and a friend suggests that you consider buying shares in GardenWare Products, which manufactures gardening tools and products. Because you may need to sell the shares within the next few years as part of the investment club's activities, you start your analysis of the company data by calculating (1) working capital, (2) the current ratio, and (3) the quick ratio Garden Ware's statement of financial position is as follows: Current assets Cash $298.200 Inventory 294,000 Prepaid expenses 29.400 Non-current assets Land 71,000 Building and equipment 217,000 Other 22.000 Total $931.600 Current liabilities $210,000 Long-term debt 256,000 Share capital 162.000 Retained earnings 303,600 Total $931,600 What amount of working capital is currently maintained? Working capital Question 16 of 19 -12 Land Building and equipment Other Total Current liabilities Long-term debt Share capital Retained earnings Total 71.000 217,000 22.000 $931,600 $210,000 256,000 162.000 303,600 $931.600 What amount of working capital is currently maintained? Working capital Your preference is to have a quick ratio of at least 0.80 and a current ratio of at least 2.00. How do the existing ratios compare with your criteria? (Round answers to 2 decimal places, eg. 18.42.) Current ratio Quick ratio