The following data were taken from the balance sheet of Beatty Company:

a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.b. What conclusions can be drawn from these data as to the company's ability to meet its currently maturing debts?

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Dec. 31, 2012 Dec. 31, 2011 $ 238,000 $ 330,000 465,000 425,000 420.000 312.000 $1,952,000 Cash Temporary investments Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Accounts and notes payable (short term) Accrued liabilities Total current liabilities 385,000 295,000 291,000 141,000 $1,350,000 $ 400,000 $ 420,000 190,000 $ 610,000 $ 540,000