Question: Brief Exercise 14-9 Selected condensed data taken from a recent balance sheet of Heidebrecht Inc. are as follows HEIDEBRECHT INC. Balance Sheet (partial) Cash Short-term

Brief Exercise 14-9 Selected condensed data taken from a recent balance

Brief Exercise 14-9 Selected condensed data taken from a recent balance sheet of Heidebrecht Inc. are as follows HEIDEBRECHT INC. Balance Sheet (partial) Cash Short-term investments Accounts receivable Inventory Other current assets Total current assets Total current liabilities $7,960,000 5,020,000 12,820,000 14,970,000 5,430,000 $46,200,000 $41,030,000 What are the (a) working capital, (b) current ratio, and (c) acid-test ratio? (Round ratios to 2 decimal pla (a) Working capital (b) Current ratio (c) Acid-test ratio

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