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

Question:

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

Morino Inc.

Balance Sheet (partial)

Cash ......................................$ 8,113,000

Short-term investments ........4,947,000

Accounts receivable .............12,545,000

Inventory ................................14,814,000

Other current assets .................6,271,000

Total current assets .......$46,690,000

Total current liabilities .......$40,600,000

What are the

(a) Working capital,

(b) Current ratio, and

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...