Figure out current ratio and quick ratio as per this data:

Current Assets:

Cash 14,000
Accounts Receivable 45,489
Inventory 39,239
Prepaid expenses 3,400
total current assets 102,128

Current Liabilities:

Accounts payable 98789
Other current liabilities 3456
Total Current liabilities 102,245

Current ratio = Current Assets / Current Liabilities= 0.9989 =102128/102245

Quick ratio = (Cash + Accounts receivables)/ Current Liabilities= 0.5818 =(14000+45489) /102245

Answer:
Current Ratio= 0.9989
Quick ratio= 0.5818

Quick Ratio. It eliminates certain current assets such as inventory and prepaid expenses that may be more difficult to convert to cash.

Quick Ratio = (Cash + Accounts Receivable + Short-Term or Marketable Securities) / (Current Liabilities)