The financial data for Alouette Resources are as follows (amounts in thousands):

Required:
a. Calculate the current and quick ratios for 2009 through 2012.
b. Comment on the short-term liquidity position of Alouette Resources.
c. Which ratio do you think is the better measure of short-term liquidity for Alouette Resources? Can you tell? Explain. What would your answer depend on?

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2010 20112012 Current assets 160 430 1,810 100 5 120 $80140 Cash Accounts receivable Inventories Other current assets 400 650 100 $1.270 520 920 100 $1,620 480 1,240 150 $2,010 $2,500 Current liabilitics Accounts payable Acerued salaries Other current liabilities $ 600 70 100 s 770 s 660 100 150 910 s 780 120 160 $1,060 S 820 150 300 $1,270