Question: For Evergreen Environmental Engineering (EEE), determine the working capital, current ratio, and acid-test ratio. Evaluate the companys economic situation with respect to its ability to

For Evergreen Environmental Engineering (EEE), determine the working capital, current ratio, and acid-test ratio. Evaluate the companys economic situation with respect to its ability to pay off debts.

EEE Balance Sheet Date ($1000s)

Cash $110,000

Securities 40,000

Accounts Receivable 160,000

Inventories 250,000

Prepaid Expenses 3,000

Accounts Payable 351,000

Accrued Expenses 89,000

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