Question

Selected condensed data taken from a recent balance sheet of Heidebrecht Inc. are as follows.
HEIDEBRECHT INC.
Balance Sheet (partial)
Cash .................... $ 8,041,000
Short-term investments ............ 4,947,000
Accounts receivable .............. 12,545,000
Inventory .................. 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,
(c) Acid-test ratio?



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  • CreatedJanuary 30, 2014
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