g. As mentioned earlier, Mr. Suncat is especially interested in the current ratio. Explain how the...

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g. As mentioned earlier, Mr. Suncat is especially interested in the current ratio. Explain how the current ratio is calculated and what it means. Do you want a high current ratio (a current ratio greater than 1) or a low current ratio (a current ratio less than 1)? What does it mean if the company's current ratio is 1? h. Using the following data from a partial balance sheet that Mr. Suncat has provided to you, being sure to show all calculations and clearly labeling your answers: Calculate working capital Calculate current ratio Calculate quick ratio F Cash $8,041 Short-term investments 4,947 Accounts receivable 12,545 Inventories 14,814 Other current assets 5,471 Total current assets $45,91 8 Total current liabilities $40,64 4 i. In reviewing the results of the above financial ratios, do you have any concerns? Why or why not? g. As mentioned earlier, Mr. Suncat is especially interested in the current ratio. Explain how the current ratio is calculated and what it means. Do you want a high current ratio (a current ratio greater than 1) or a low current ratio (a current ratio less than 1)? What does it mean if the company's current ratio is 1? h. Using the following data from a partial balance sheet that Mr. Suncat has provided to you, being sure to show all calculations and clearly labeling your answers: Calculate working capital Calculate current ratio Calculate quick ratio F Cash $8,041 Short-term investments 4,947 Accounts receivable 12,545 Inventories 14,814 Other current assets 5,471 Total current assets $45,91 8 Total current liabilities $40,64 4 i. In reviewing the results of the above financial ratios, do you have any concerns? Why or why not?