Question

Selected condensed data taken from a recent balance sheet of Kutenai Luau, Inc., are as follows:
KUTENAI LUAU, INC.
Balance Sheet (partial)
Cash ................... $ 8,041,000
Short-term investments ............. 1,947,000
Accounts receivable ............. 12,545,000
Inventories ................ 14,814,000
Other current assets .............. 5,571,000
Total current assets ............. $42,918,000
Total current liabilities ........... $40,644,000
What are the
(a) Working capital,
(b) Current ratio, and
(c) acid-test ratio?



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  • CreatedFebruary 06, 2013
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