Question: 4. Selected financial statement data for Mure Company are presented below. December 31 2016 December 31,2015 Cash Short-term investments Receivables (net) Inventories Total current liabilities

4. Selected financial statement data for Mure Company are presented below. December 31 2016 December 31,2015 Cash Short-term investments Receivables (net) Inventories Total current liabilities $40,000 20,000 100,000 80,000 100,000 $30,000 18,000 90,000 60,000 90,000 During 2016, net sales were $950,000, and cost of goods sold was $770,000. Instructions Compute the following ratios at December 31, 2016: (a) Current (b) Acid-test l statements of Fava Company f

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