1. Using the information below, determine the current ratio for WTX Hospital:

Cash & equivalents: $375,000

Accounts receivable: $285,000

Net fixed assets: $1,220,000

Accounts payable: $195,000

Notes payable: $75,000

Capital lease obligations: $25,000

Net assets (equity): $1,450,000

A. 1.1

B. 2.4

C. 3.3

D. 2.2

E. 1.9

2. Using the information below, determine the Days Cash on Hand for WTX Hospital: Cash and equivalents: $12,250 Short-term investments: $8,500 Net fixed assets: $278,000 Accounts receivable: $62,500 Wages & salaries: $125,000 Administrative costs: $25,000 Supplies: $10,750 Insurance: $7,250 Depreciation: $12,350 Notes payable: $18,750 Net Assets (equity): $62,500

A. 26.6

B. 28.2

C. 24.8

D. 38.0

E. 45.1