The Jamesway Printing Corporation has current assets of $3.2 million. Of this total, $1.2 million is inventory, $0.5 million is cash, $1.0 million is accounts receivable, and the balance is marketable securities. Jamesway has $1.4 million in current liabilities. Round your answers to two decimal places.

What are the current and the quick ratios for Jamesway?

Current ratio: x

Quick ratio: x

If Jamesway takes $0.25 million in cash and pays off $0.25 million of current liabilities, what happens to its current and quick ratios? What happens to its real liquidity?

New current ratio: x

New quick ratio: x

If Jamesway sells $0.5 million of its accounts receivable to a bank and uses the proceeds to pay off short-term debt obligations, what happens to its current and quick ratios?

New current ratio: x

New quick ratio: x

If Jamesway sells $1.2 million in new stock and places the proceeds in marketable securities, what happens to its current and quick ratios?

New current ratio: x

New quick ratio: x