Question 21 (Analysis of assets) You have inherited money from your grandparents, and a friend suggests that you consider buying shares in Galena Ski Products, which manufactures skis and bindings. Because you may need to sell the shares within the next two years to finance your university education, you start your analysis of the company data by calculating (1) working capital, (2) the current ratio, and (3) the quick ratio. Galena's statement of financial position is as follows: Current assets Cash Inventory Prepaid expenses Non-current assets $147,100 166,600 22,900 Land Building and equipment Other Total Current liabilities Long-term debt Share capital Retained earnings Total 46,700 150,300 14,600 $548,200 $156,100 173,000 83,700 135,400 $548,200 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, e.g. 18.42.) Current ratio Quick ratio