The following data were taken from the comparative balance sheet of Icon Living, Inc., for the years ended December 31, 20Y9 and December 31, 20Y8: Dec. 31, 20Y9 Dec. 31, 20Y8 Cash $248,000 $184,800 Temporary investments 264,600 202,500 Accounts and notes receivable (net) 243,400 220,700 Inventories 340,200 273,600 Prepaid expenses 163,800 78,400 Total current assets $1,260,000 $960,000 Accounts payable $208,800 $224,000 Accrued liabilities 151,200 96,000 Total current liabilities $360,000 $320,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 20Y9 ZOYB b. The liquidity of Icon Living, Inc., h \\I from 20Y8 to the 20Y9. The working capital, current ratio, and quick ratio have all' declined improved Most of these changes are the result 0 The following data were taken from the comparative balance sheet of Icon Living, Inc., for the years ended December 31, 20Y9 and December 31, 20Y8: Dec. 31, 20Y9 Dec. 31, 20Y8 Cash $248,000 $184,800 Temporary investments 264,600 202,500 Accounts and notes receivable (net) 243,400 220,700 Inventories 340,200 273,600 Prepaid expenses 163,800 78,400 Total current assets $1,260,000 $960,000 Accounts payable $208,800 $224,000 Accrued liabilities 151,200 96,000 Total current liabilities $360,000 $320,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 20Y9 20Y8 b. The liquidity of Icon Living, Inc., hasl W from 20Y8 to the 20Y9. The working capital, current ratio, and quick ratio have a decreased increased stayed the same Most of these changes are the result ofl W. The following data were taken from the comparative balance sheet of Icon Living, Inc., for the years ended December 31, 2019 and December 31, 20Y8: Dec. 31, 20Y9 Dec. 31, 20Y8 Cash $248,000 $184,800 Temporary investments 264,600 202,500 Accounts and notes receivable (net) 243,400 220,700 Inventories 340,200 273,600 Prepaid expenses 163,800 78,400 Total current assets $1,260,000 $960,000 Accounts payable $208,800 $224,000 Accrued liabilities 151,200 96,000 Total current liabilities $360,000 $320,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 20Y9 20Y8 Working capital Current ratio Quick ratio b. The liquidity of Icon Living, Inc., has from 20Y8 to the 20Y9. The working capital, current ratio, and quick ratio have all Most of these changes are the result o v an increase in current assets an increase in current liabilities