If Soule Company had net income of $585,000 in 2011 and it experienced a 30% increase in net income over 2010, what was its 2010 net income?

PERKINS INC.

Balance Sheet (partial)

Cash

8,041,000

Short-term investments

4,947,000

Accounts receivable

12,545,000

Inventories

14,814,000

Other current assets

5,571,000

Total current assets

45,918,000

Total current liabilities

40,644,000

What are the (a) working capital, (b) current ratio, and (c) acid-test ratio? (Round ratios to 2 decimal places, e.g. 10.50.)