Current Ratio and Quick Ratio:
The current ratio and quick ratio are two financial ratios used to assess a company's liquidity or ability to meet its short-term obligations. Both ratios compare current assets to current liabilities, but the quick ratio excludes inventory from current assets as it is considered less liquid.

Current Ratio Formula:
The current ratio is calculated by dividing current assets by current liabilities. It provides an indication of a company's ability to pay off its short-term liabilities using its short-term assets. The formula for the current ratio is as follows:

Current Ratio = Current Assets / Current Liabilities

Quick Ratio Formula:
The quick ratio, also known as the acid-test ratio, is a more stringent measure of liquidity as it excludes inventory from current assets. The formula for the quick ratio is as follows:

Quick Ratio = (Current Assets - Inventory) / Current Liabilities

Obtaining Current Assets:
To find the current assets, we need to know the quick ratio and the inventory amount. Given that the quick ratio is 3 and the inventory is $72,000, we can use the quick ratio formula to determine the value of current assets.

Quick Ratio = (Current Assets - Inventory) / Current Liabilities

Rearranging the formula, we can solve for current assets:

Current Assets = (Quick Ratio * Current Liabilities) + Inventory

Calculating Current Assets:
Using the given quick ratio of 3 and the inventory amount of $72,000, we need the value of current liabilities to calculate current assets. Unfortunately, the current liabilities are not provided in the question. However, we can still provide a general explanation of how to calculate current assets once the current liabilities are known.

Once the current liabilities are known, we can substitute the values into the formula:

Current Assets = (3 * Current Liabilities) + $72,000

By multiplying the current liabilities by 3 and adding the inventory amount, we can determine the value of the current assets.

Current Assets = 216000.