Selected condensed data taken from a recent balance sheet of Heidebrecht Inc. are as follows. HEIDEBRECHT INC.

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,

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...