Using horizontal analysis, show the percentage change and direction (increase or decrease) from Year 1 to Year 2 with Year 1 as the base year.

33. The following items are reported on a companys balance sheet: (8 points)

Cash	$230,000
Marketable securities	50,000
Accounts receivable	200,000
Inventory	240,000
Accounts payable	300,000

Determine the (a) current ratio and (b) quick ratio. Round your answers to one decimal place.