The following data were abstracted from the December 31, 2008 balance sheet of
Anderson Company (use information to answer questions 1 & 2):
Marketable securities $128,000
Accounts and notes receivable, net $368,000
Merchandise inventory $488,000
Prepaid expenses $24,000
Accounts and notes payable, short-term $512,000
Accrued liabilities $128,000
Bonds payable, long-term $800,000
The Current Ratio is?
The acid-test Ratio is?