An extract of a balance sheet is given. What are the current ratio and the quick ratio? Balance Sheet (extract), December 31st, 2xxx $ Cash 2,000 Cash at Bank 20,000 Accounts Receivable 5,500 Prepayments 1,500 Inventory 10,000 Accounts Payable 12,000 Wages Payable 1,500 Taxes Payable 1,500 The current ratio is (1.5:1, 2.0:1, or 2.6:1?) The quick ratio is (1.9:1, 2.6:1, or 2.5:1?)