Question: please answer everything. i need the whole thing filled out! Problem 13-3A (Algo) Transactions, working capital, and liquidity ratios LO P3 Plum Corporation began the

please answer everything. i need the whole thing filled out!
please answer everything. i need the whole thing filled out! Problem 13-3A
(Algo) Transactions, working capital, and liquidity ratios LO P3 Plum Corporation began
the month of May with $1,200,000 of current assets, a current ratio

Problem 13-3A (Algo) Transactions, working capital, and liquidity ratios LO P3 Plum Corporation began the month of May with $1,200,000 of current assets, a current ratio of 2.60 :1, and an acid-test ratio of 1,201 . During the month, it completed the following transactions (the company uses a perpetual inventory system). May 2 Purchased $80,000 of nerchandise inventory on credit. Nay 8 Sold nerchandise inventory that cost $55, vee for $155, eae cash. May 10 Collected $31,000 cash on an account receivable. May 15 Paid $23,500 cash to settle an account payable. May 17 Wrote off a $5,600 bad debt against the Allowance for Doubtful Accounts account. May 22 Declared a 51 per share cash dividend on its 68 , 800 shares of outstanding common stock. May 26 Paid the dividend declared on May 22. May 27 Borroned $125,000 cash by giving the bank a 30-day, 10s note. May 28 Borroued \$15,,00e cash by signing a long-tern secured note. Kay 29 Used the $275, 030 cash proceeds from the notes to buy new eachinery. Required: Complete the table below showing Plum's (1) current ratio, (2) acid-test ratio, and (3) working capital after eoch transaction. (Do not round intermediate calculations. Round your ratios to 2 decimal places and the working capitais to nearest dollar amount. Amounts to be deducted should be indicated with a minus sign.) Required: Complete the table below showing Plum's (1) current ratio, (2) acid-test ratio, and (3) working capital after each transaction. (Do not round intermediate calculations. Round your ratios to 2 decimal places and the working capitals to nearest dollar amount. Amounts to be deducted should be indicated with a minus sign.)

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