Business, 06.05.2020 00:24 arroyoe342

Determine the (a) working capital, (b) current ratio, and (c) quick ratio. Round ratios to one decimal place. The following data are taken from the balance sheet at the end of the current year. Cash $154,000 Accounts receivable 210,000 Inventory 240,000 Prepaid expenses Temporary investments Property, plant, and 15,000 350,000 375,000 equipment Accounts payable 245,000 Accrued liabilities 4,000 Income tax payable 10,000 Notes payable, short-term 85.000 MacBook Air

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Determine the (a) working capital, (b) current ratio, and (c) quick ratio. Round ratios to one decim...