Selected balance sheet data are as follows. Cash $ 8,041,000 Short-term investments 4,947,000 Accounts receivable 12,545,000...

   

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Selected balance sheet data are as follows. Cash $ 8,041,000 Short-term investments 4,947,000 Accounts receivable 12,545,000 Inventory 14,814,000 Other current assets 5,571,000 Total current assets $45,918,000 Total current liabilities $40,644,000 Calculate the (a) working capital, (b) current ratio, and (c) acid-test ratio. Selected balance sheet data are as follows. Cash $ 8,041,000 Short-term investments 4,947,000 Accounts receivable 12,545,000 Inventory 14,814,000 Other current assets 5,571,000 Total current assets $45,918,000 Total current liabilities $40,644,000 Calculate the (a) working capital, (b) current ratio, and (c) acid-test ratio.

Answer rating: 100% (QA)

To calculate the working capital current ratio and acidtest ratio we will use the f... View the full answer