1. Using the following data from a partial balance sheet that Tom has provided to you, being sure to show all calculations and clearly labeling your answers:
   • Calculate working capital
   • Calculate current ratio
   • Calculate quick ratio

Cash	$8,041
Short-term investments	4,947
Accounts receivable	12,545
Inventories	14,814
Other current assets	5,471
Total current assets	$45,918
Total current liabilities	$40,644