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

Cash	$	73,000
Marketable securities	$	13,500
Accounts receivable, net	$	357,200
Inventory	$	467,800
Prepaid expenses	$	10,100
Plant and equipment, net	$	980,000
Accounts payable	$	205,400
Accrued liabilities	$	62,700
Notes due within one year	$	106,000
Bonds payable in five years	$	143,000

During the year, the company completed the following transactions:

x.	Purchased inventory on account, $52,250.
a.	Declared a cash dividend, $33,000.
b.	Paid accounts payable, $104,800.
c.	Collected cash on accounts receivable, $83,300.
d.	Purchased equipment for cash, $77,400.
e.	Paid a cash dividend previously declared, $33,000.
f.	Borrowed cash on a short-term note with the bank, $64,500.
g.	Sold inventory costing $72,400 for $103,000, on account.
h.	Wrote off uncollectible accounts in the amount of $11,200 reducing the accounts receivable balance accordingly.
i.	Sold marketable securities costing $13,500 for cash, $10,200.
j.	Issued additional shares of common stock for cash, $206,000.
k.	Paid off all short-term notes due, $170,500.

Required:

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

a.	Working capital. (Omit the "$" sign in your response.)

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