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

The current asset section of Guardian Consultants balance sheet consists of cash, accounts receivable, and prepaid expenses. The 2021 balance sheet reported the following: cash, $1,330,000; prepaid expenses, $390,000; long-term assets, $2,700,000; and shareholders equity, $2,800,000. The current ratio at the end of the year was 2.5 and the debt to equity ratio was 1.3. Required: Determine the following 2021 amounts and ratios: (Round your "The acid-test ratio" answer to 1 decimal place.)

1.	Current liabilities
2.	Long-term liabilities
3.	Accounts receivable
4.	The acid-test ratio