R Automatic Mod 1 In Class Problems & Solutions - PowerPoint X File Home Insert Design Transitions Animations Slide Show Review View Add-ins ACROBAT Tell me what you want to do... Stocker, John & Share Play Narrations Monitor: Automatic Use Timings 3 From From Present Custom Slide Beginning Current Slide Online Show Start Slide Show Use Presenter View Set Up Hide Rehearse Record Slide Slide Show Slide Timings Show - Set Up V Show Media Controls Monitors Thumbnails Assignment: Problem Set 3A Question #1: Explain what happens to the current ratio when a supplier's bill is paid? Provide an example with sample numbers to prove your answer. (Assume net working capital is positive.) Question #2: What happens to a firm's liquidity when an accounts receivable is collected? Question #3: Using the data below, calculate the quick ratio. Question #4: Using the data below, calculate the common size percentage for inventory. Balance Sheet Current assets Current liabilities Cash $ 16,088 Accounts payable $ 11,601 Accounts receivable 16.813 Notes payable 50,203 | Inventory 16.992 Total $ 61.804 Total $ 49,893 Total long-term debt $ 30,030 Fixed assets $142.271 Total equity $100,330 Total assets S192,164 Total liabilities and equity $192.164 2-8 Slide 8 of 14 [X Notes Comments + 91% 90