The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years:

				Current Year			Previous Year
Current assets:
Cash				$285,800			$213,200
Marketable securities				330,900			239,900
Accounts and notes receivable (net)				135,300			79,900
Inventories				837,500			650,300
Prepaid expenses				431,500			415,700
	Total current assets			$2,021,000			$1,599,000
Current liabilities:
Accounts and notes payable
	(short-term)			$272,600			$287,000
Accrued liabilities				197,400			123,000
	Total current liabilities			$470,000			$410,000

a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.

			Current Year			Previous Year
1. Working capital	$fill in the blank 1			$fill in the blank 2
2. Current ratio	fill in the blank 3			fill in the blank 4
3. Quick ratio	fill in the blank 5			fill in the blank 6

b. The liquidity of Albertini has

improveddeclined

from the preceding year to the current year. The working capital, current ratio, and quick ratio have all

increaseddecreased

. Most of these changes are the result of an

increasedecrease

in current assets relative to current liabilities.