Exercise $3-19(Algo)$ Calculating ratios; solve for unknowns $[LO3-8]$

The current asset section $of$ Guardian Consultant's balance sheet consists $of$ cash, accounts receivable, and prepaid expenses. The

balance sheet reported the following: cash, $$1,440,000$; prepaid expenses, $$500,000$; long$-$term assets, $$3,800,000$; and

shareholders' equity, $$3,900,000.$ The current ratio $at$ the end $of$ the year was $2\mathrm{.}0$ and the debt $to$ equity ratio was $1\mathrm{.}4.$

Required:

Determine the following amounts and ratios:

Note: Round your "The acid$-$test ratio" answer $to1$ decimal place.