Question: Selected condensed data taken from a recent balance sheet of Perkins Inc. are as follows. What are the(a) Working capital,(b) Current ratio, and(c) Acid-testratio? PERKINS

Selected condensed data taken from a recent balance sheet of Perkins Inc. are as follows.

What are the(a) Working capital,(b) Current ratio, and(c) Acid-testratio?

PERKINS INC. Balance Sheet (partial) $ 8,041,000 4,947,000 12,545,000 Cash Short-term investments Accounts receivable Inventories 14,814,000 Other current assets 5,571,000 $45,918,000 Total current assets $40,644,000 Total current liabilities

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