Selected financial data from North Company and South Company at the end of the current year is as follows: NORTH CO. SOUTH CO. Net sales (all on credit) $960,000 COGS Cash $595,000 412,000 35,000 70,000 80,000 840,000 24,000 120,000 335,000 150,000 Account Receivable (net) Inventory Current Liability 70,000 * Assume that the year-end balances shown for the account receivable and inventory also represent the average balance of these accounts throughout the year. 1. Compute the following for each company: Working Capital Current Ratio Quick Ratio