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) quick ratio. Please show steps for answers. Round to the nearest tenth.

Accounts payable - $245,000

Accounts Receivable - $210,000

Accrued Liabilities - $4,000

Cash - $114,000

Income tax payable - $10,000

Inventory - $240,000

Temporary Investments - $350,000

Notes payable, short-term - $85,000

Prepaid expenses - $15,000

Property, plant, and equipment - $375,000