Selected financial data regarding current assets and current liabilities for two competing companies. Simon and Garfunkel are provided as follows X5 in illons) Simon Garfunkel Current assets Cash and cash equivalents $ 680 $2,960 Short-term investments 3,640 Net receivables 988 1,340 Inventory 204 Other current assets 330 471 Total current assets $6,160 $4,975 Current Ilabilities Accounts payable $7,810 $4,255 Short term debt 1.260 1,028 Other current liabilities 1,307 Total current liabilities $9.970 $6,590 530 1-n. Calculate the current ratio for Simon. Then calculate the current ratio for Garfunkel (Round your answers to 2 decimal places.) Current Ratio Simon Garfunkel 1-b. Which of the two companies has the best current ratio? 1-b. Which of the two companies has the best current ratio? O Simon O Garfunkel 2-o. Calculate the acld-test (quick) ratio for Simon. Then calculate the add-test (quick) ratio for Garfunkel (Round your answers to 2 decimal places.) Acid-test (quick) Ratio Simon Garfunkel 2-b. Which of the two companies has the best acid test ratio? O Garfunkel Simon The board of directors of Capstone fac declared a $0,40 per share cash dividend on its 53 por common stock on the date of declaration, there were 18,000 shares authorized, 24.000 shares issued, and 6,000 shares held as treasury stock What is the entry when the dividends are declared? A. 7,200 7,200 B. 7,200 7,200 Dividends Dividends Payable Dividends Cash Dividends Dividends Payable Dividends Cash C. 19,200 19,200 D. 9,600 9.600 Mimple Choice O Option O option