Selected amounts from Reingold Companys balance sheet from the beginning of the year follow:

Cash	$	80,000
Marketable Securities	$	17,000
Accounts receivable, net	$	374,000
Inventory	$	486,000
Prepaid expenses	$	15,000
Plant and equipment, net	$	1,050,000
Accounts payable	$	218,000
Accrued liabilities	$	69,000
Notes due within one year	$	120,000
Bonds payable in five years	$	150,000

During the year, the company completed the following transactions:

x.	Purchased inventory on account, $57,500.
a.	Declared a cash dividend, $40,000.
b.	Paid accounts payable, $116,000.
c.	Collected cash on accounts receivable, $91,000.
d.	Purchased equipment for cash, $83,000.
e.	Paid a cash dividend previously declared, $40,000.
f.	Borrowed cash on a short-term note with the bank, $75,000.
g.	Sold inventory costing $78,000 for $110,000, on account.
h.	Wrote off uncollectible accounts in the amount of $14,000 reducing the accounts receivable balance accordingly.
i.	Sold marketable securities costing $17,000 for cash, $13,000.
j.	Issued additional shares of common stock for cash, $220,000.
k.	Paid off all short-term notes due, $195,000.

Required:

1.	Compute the following amounts and ratios as of the beginning of the year:

a.	Working capital.

Working capital

$

b.	Current ratio. (Round your answer to 2 decimal places.)

Current ratio:

c.	Acid-test ratio. (Round your answer to 2 decimal places.)

Acid-test ratio: