Question: solve this question by using appropriate methodology and true answer. Assume that the current ratio for Delta Enterprises is 2.8, its acid-test ratio is 1.2,

solve this question by using appropriate methodology and true answer.

Assume that the current ratio for Delta Enterprises is 2.8, its acid-test ratio is 1.2, and its working capital is $420,000. Required: a. How much does the firm have in current liabilities? b. If the only current assets shown on the balance sheet for Delta Enterprises are Cash, Accounts Receivable, and Merchandise Inventory, how much does the firm have in Merchandise Inventory

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