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The following data are taken from the balance sheet at the end of the current year:...

The following data are taken from the balance sheet at the end of the current year:

Cash $154,000
Accounts receivable 210,000
Inventory 240,000
Prepaid expenses 15,000
Temporary investments 350,000
Property, plant, and equipment 375,000
Accounts payable 245,000
Accrued liabilities 4,000
Income tax payable 10,000
Notes payable, short-term 85,000

Determine the (a) working capital, (b) current ratio, and (c) quick ratio. Round ratios to one decimal place.

a. Working Capital $
b. Current Ratio   
c. Quick Ratio   
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