Self-Study Problem 4.03 Sandhili Supply Company Balance Sheet as of June 30, 2017($ thousands) Liabilities and Equity: Assets: Cash and marketable securities $396,000 Accounts payable $820,000 Accounts receivable 711,200 Notes payable 109,000 1,156,000 Inventory Accrued income taxes 41,300 Other current assets 42,200 Total current liabilities $970,300 Total current assets $2,305,400 Long-term debt 1,177,000 Net plant and equipment Total liabilities 1,979,000 $2,147,300 Common stock 1,318,000 Retained earnings 819,100 Total common equity $2,137,100 $4,284,400 Total assets $4,284,400 Total liabilities and equity Using the 2017 data for the Sandhill Supply Company, calculate the following liquidity ratios: (Round answers to 2 decimal places, e.g. 52.75.) a. Current ratio b. Quick ratio