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Quality Construction, Inc.

Selected figures from the Balance Sheet and Income Statement of Quality Construction, Inc. are shown below. (Compute answers to two decimal places)

From the Balance Sheet			From the Income Statement
Cash	$310,400		Net Sales	$408,140
Accounts Receivable	$135,242		Cost of Goods Sold	$308,100
Merchandise Inventory:			Net Income	$  47,000
End of this year	$210,450
End of last year	$178,090
Total Current Assets	$979,942
Total Current Liabilities	$450,600
Owners Equity	$323,850

Refer to Quality Construction, Inc. Compute the working capital ratio for Quality Construction, Inc.

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