1. The relevant information of acorporation is showed as follows: Item Opening balance Closing balance Current...

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1. The relevant information of acorporation is showed as follows: Item Opening balance Closing balance Current amount or average Inventory 24,000,000 32, 000, 000 Current liabilities 20,000,000 Quick ratio 0.8 Current ratio Total asset turnover Total assets 30,000,000 1.8 1.5 120,000,000 Instructions: (1) Calculate the beginning and ending balance of the current assets of the corporation. (2) Calculate the current sales revenue of the corporation. (3) Calculate the average balance of current assets and current assets turnover of the corporation. 1. The relevant information of acorporation is showed as follows: Item Opening balance Closing balance Current amount or average Inventory 24,000,000 32, 000, 000 Current liabilities 20,000,000 Quick ratio 0.8 Current ratio Total asset turnover Total assets 30,000,000 1.8 1.5 120,000,000 Instructions: (1) Calculate the beginning and ending balance of the current assets of the corporation. (2) Calculate the current sales revenue of the corporation. (3) Calculate the average balance of current assets and current assets turnover of the corporation.