Boyle Corporation Had the Following Comparative Current Assets and Current

Boyle Corporation had the following comparative current assets and current liabilities:
$\begin{array}{lrr}&\text { Dec. } 31,2014&\text { Dec. } 31,2013\\\text { Current assets }\\\text { Cash } & \$ 20,000 & \$ 30,000 \\\text { Short-term investments } & 40,000 & 10,000 \\\text { Accounts receivable } & 55,000 & 95,000 \\\text { Inventory } & 110,000 & 90,000 \\\text { Prepaid expenses } & 35,000 & 20,000 \\\text { Total current assets }&\$260,000&\$245,000\\\\\text { Current liabilities }\\\text { Accounts payable } & \$ 140,000 & \$ 110,000 \\\text { Salaries payable } & 40,000 & 30,000 \\\text { Income tax payable } & 20,000 & 15,000\\\text { Total current liabilities }&\$200,000&\$155,000\end{array}$ During 2014, credit sales and cost of goods sold were $600,000 and $350,000, respectively.
Required: Compute the following liquidity measures for 2014: