number 3 and 5 worked out please

2. Aggieland Distributing had current assets of $600, Inventory of $200, long-term assets of $1,500, current liabilities of 300 , long-term liabilities of $1,000, and shareholder's equity of $800. The current ratio (rounded) is: a. =2 200 600 1.50 b. 1.62 A-L+Ether-exp e. 1.33 300 c. 0.34 L= A-E 100 +501 = 2300 - 900 3. Which of the following could possibly be the quick ratio? > a. 1.33 d. 3.00 b. 2.00 e. 3.50 300 e 2.44 4. Randy Smith, owner of Prison Supply, is reviewing the latest set of financial statements for his company. Randy is confused by some of the data. Last year the current ratio was 1.75. This year it is up to 1.95. However, the quick ratio was 1.1 last year and only 0.85 this year. Which of the following best explains how the current ratio can improve at the same time that the quick ratio declines. na If inventory increases, the current ratio can increase without impacting the quick ratio. b. Randy is obviously not calculating something correctly c. If inventory decreases, the quick ratio will decrease d. If inventory increases, the quick ratio will be more impacted since inventory is subtracted in the formula. e. None of the above offer an explanation 5. In 2017, Gross Margin equaled $100,000 and Ending Inventory was $60,000. In 2018, Gross Margin equaled $140,000 and Ending Inventory was $80,000. Gross Margin Return on Inventory Investment in 2018 is: a. 137.50% b. 150.00% c. 157.14% d. 171.43% - > e. 200.00% 4000