Question: Have answer for #9 don't know how to get to it Find (a) the current ratio and (b) the acid-test ratio. Round each ratio to

Have answer for #9 don't know how to get to it  Have answer for #9 don't know how to get to it

Find (a) the current ratio and (b) the acid-test ratio. Round each ratio to the nearest hundredth. (c) DO the ratios suggest that the company is financially healthy using the guidelines given in the text? OTERO OFFICE SUPPLY Use data from Exercises 1 and 2. MUSIC STORE Virginia Music has current of $216.750, current liabilities of $213,000, cash of $25, 400, notes and accounts receivable of $42, 500, and in in of mostly electric pianos and values electronic equipment valued at $148, 850. OXYGEN SUPPLY Bluetex Oxygen Supply had current assets of $2, 234,000, current liabilities of $840,00, total cash of $339,000, notes and accounts receivable of $1, 125,000, and an inventory of $680,000. MOVIES Aktron Movies has current liabilities of $356,00, cash of $32, 800, notes and accounts receivable of $248, 500, and an inventory valued at $82, 400. A Portion of a comparative balance sheet is shown below. First complete the chart, then find the current ratio and the acid-test ratio for the indicated year. Round each ratio to the nearest hundredth. This year Last year Find the debt-to-equity ratio for each the following firms. Round to the nearest hundredth. OTHERO OFFICE SUPPLY Use data from Exercise 1 for this year. VIRGINAL MUSIC Use data from Exercise 4; owners' equity of $265,000 and long-term liabilities of $174, 300. Find (a) the current ratio and (b) the acid-test ratio. Round each ratio to the nearest hundredth. (c) DO the ratios suggest that the company is financially healthy using the guidelines given in the text? OTERO OFFICE SUPPLY Use data from Exercises 1 and 2. MUSIC STORE Virginia Music has current of $216.750, current liabilities of $213,000, cash of $25, 400, notes and accounts receivable of $42, 500, and in in of mostly electric pianos and values electronic equipment valued at $148, 850. OXYGEN SUPPLY Bluetex Oxygen Supply had current assets of $2, 234,000, current liabilities of $840,00, total cash of $339,000, notes and accounts receivable of $1, 125,000, and an inventory of $680,000. MOVIES Aktron Movies has current liabilities of $356,00, cash of $32, 800, notes and accounts receivable of $248, 500, and an inventory valued at $82, 400. A Portion of a comparative balance sheet is shown below. First complete the chart, then find the current ratio and the acid-test ratio for the indicated year. Round each ratio to the nearest hundredth. This year Last year Find the debt-to-equity ratio for each the following firms. Round to the nearest hundredth. OTHERO OFFICE SUPPLY Use data from Exercise 1 for this year. VIRGINAL MUSIC Use data from Exercise 4; owners' equity of $265,000 and long-term liabilities of $174, 300

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