Selected data for two companies in the soccer equipment industry are as follows (all data in...

 

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Selected data for two companies in the soccer equipment industry are as follows (all data in thousands). Cash Marketable securities. Accounts receivable Inventory Prepaid expenses. Total current assets Accounts payable... Accrued expenses payble. Note payable..... Total current liabilities. Required: Terry Corporation Habecker Enterprises $ 400 $1,400 200 1,200 4,500 8,000 9,000 3,700 1,000 800 $15,100 $15,100 $ 2,000 $ 4,000 4,000 1,000 2,100 900 $ 7,000 $ 7,000 1. Calculate each company's working capital amount, current ratio, and acid-test ratio. 2. Comment on each firm's ability to pay its short-term debts. Selected data for two companies in the soccer equipment industry are as follows (all data in thousands). Cash Marketable securities. Accounts receivable Inventory Prepaid expenses. Total current assets Accounts payable... Accrued expenses payble. Note payable..... Total current liabilities. Required: Terry Corporation Habecker Enterprises $ 400 $1,400 200 1,200 4,500 8,000 9,000 3,700 1,000 800 $15,100 $15,100 $ 2,000 $ 4,000 4,000 1,000 2,100 900 $ 7,000 $ 7,000 1. Calculate each company's working capital amount, current ratio, and acid-test ratio. 2. Comment on each firm's ability to pay its short-term debts.