For Gee Whiz Devices calculate the following working capital, current ratio, and acid test ratio Gee Whiz Devices Balance Sheet Data Cash $100,000 Market securities 45,000 Net accounts and notes receivable 150,000 Retailers ' inventories 200,000 Prepaid expenses 8,000 Accounts and notes payable (sh...

Assets 100000 45000 150000 200000 8000 ...

For Gee-Whiz Devices calculate the following: working capital, current ratio, and acid-test ratio. Gee-Whiz Devices Balance Sheet

Question:

For Gee-Whiz Devices calculate the following: working capital, current ratio, and acid-test ratio.
Gee-Whiz Devices Data
Cash .................................................................. $100,000
Market securities ................................................... 45,000
Net accounts and notes receivable ............................... 150,000
Retailers' inventories ............................................... 200,000
Prepaid expenses ................................................... 8,000
Accounts and notes payable (short term) ....................... 315,000
Accumulated liabilities to date .................................. 90,000
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...