The document presents financial calculations for current assets, net working capital, and liabilities, resulting in total current assets of $7,740. It also calculates the current ratio as 1.15 and the quick ratio as 0.98. Both ratios provide insights into the company's liquidity position.

1. 1) Current assets = Net working capital + Current liabilities = $1,015 + $6,725 = $7,740
Current ratio = Current assets / Current liabilities = $7,740 / $6,725 = 1.15
2) Quick ratio = (Current assets - Inventory) / Current liabilities = ($7,740 - $1,135) / $6,725 =
0.98
Solution
1) Current assets = Net working capital + Current liabilities = $1,015 + $6,725 = $7,740
Current ratio = Current assets / Current liabilities = $7,740 / $6,725 = 1.15
2) Quick ratio = (Current assets - Inventory) / Current liabilities = ($7,740 - $1,135) / $6,725 =
0.98