12:20 Ch. 21 Homework Partial Template... E24 E25 P29 Terry Habecker Corporation Enterprises Cash 400 1,400 Marketable securities 200 1,200 Accounts receivable 4,500 8,000 Inventory 9,000 3,700 Prepaid expenses 1,000 800 Total current assets 15,100 15,100 Accounts payable 2,000 4,000 Accrued expenses payable 4,000 2.100 Note payable 1,000 900 Total current liabilities 7,000 7,000 1. Calculate each company's working capital, current ratio, and acid-test ratio. Terry Habecker Corporation Enterprises Working capital Current ratio Acid-test ratio 2. Comment on each firm's ability to pay its short-term debts. O= 6 0= Dashboard Calendar To Do Notifications InboxSelected data for two companies in the soccer equipment industry are as follows (all data in thousands) Exercise 21-25 Terry Habecker Current and Acid-Test Corporation Enterprises Ratios: Comparing Firms Cash 400 $ 1.400 (LO 2, LO 5) Marketable securities 200 1 200 Accounts receivable 4 500 8.000 Inventory 9.000 3.700 Prepaid expenses 1.000 800 Total current assets $15.100 $15.100 Accounts payable $ 2 000 $ 4 000 Accrued expenses payble 4.000 2.100 Note payable 1000 900 Total current liabilities $ 7.000 $ 7.000 Required: 1. Calculate each company's working capital amount, current ratio, and acid-test ratio. 2. Comment on each firm's ability to pay its short-term debts