The following data are taken from the balance sheet at the end of the current year. Determine the (a) working capital, (b) current ratio, and (c) acid-test ratio. Present figures used in your computations. Round ratios to the nearest tenth. Remember to show calculations.

Accounts payable	$145,000
Accounts receivable	110,000
Accrued liabilities	4,000
Cash	80,000
Income tax payable	10,000
Inventory	140,000
Marketable securities	250,000
Notes payable, short-term	85,000
Prepaid expenses	15,000