Transcribed Image Text: Current Position Analysis

Transcribed Image Text: Current Position Analysis
The following data were taken from the comparative balance sheet of Osborn Sisters Company for the years ended December 31, 20Y9 and December 31, 20Y8:
Dec. 31, 20Y9
Dec. 31, 20Y8
Cash
$361,500
$268,700
Temporary investments
385,700
294,400
Accounts and notes receivable (net)
354,800
320,900
Inventories
495,900
397,800
Prepaid expenses
374,100
122,200
Total current assets
$1,972,000
$1,404,000
Accounts payable
$336,400
$364,000
Accrued liabilities
243,600
156,000
Total current liabilities
$580,000
$520,000
a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.
20Y9
20Υ8
Working capital
$
2$
Current ratio
Quick ratio

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