or the next three questions: 2016 2017 2018 Current Assets: Cash $20,000 $30,000 $35,000 Marketable Securities - $15,000 $12,000 $20,000 Accounts Receivable (Net) $80,000 $85,000 $90,000 Inventory - Food $15,000 $16,000 $17,000 Total $130,000 $143,000 $162,000 Current Liabilities: Accounts Payable $60,000 $65,000 $67,000 Notes Payable $40,000 $40,000 $40,000 Total $100,000 $105,000 $107.000 Selected Operations Data: Sales (Total) $100,000 $120,000 $150,000 1) Calculate the Current Ratio for the year 2018. Current Ratio - Current assets / Current liabilities Question 49 2) Calculate Acid-test Ratio for the year 2018. Acid-test Ratio = (Cash + Marketable securities + Accounts receivables) / Current liabilities Question 50 3) Calculate Accounts Receivable Turnover for the year 2018, A.R.T = Revenue / Average account receivable Monday, May 11, 2020 7:41:59 PM PDT