The following data were taken from the balance sheet of

Question

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

                                                                                   Dec. 31,2008             Dec. 31, 2007

Cash                                                                           325,000                      300,000

Marketablesecurities                                                 270,000                      256,000

Accounts and notes receivable(net)                          440,000                      430,000

Inventories                                                                 675,000                      557,000

Prepaidexpenses                                                        130,000                      81,000

Accounts and notes payable(short-term)                  425,000                      450,000

Accruedliabilities                                                      150,000                      130,000

1. Determine for each year (1) the working capital,(2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.

1. What conclusions can be drawn from these data as to thecompany's ability to meet its currently maturing debts?