T No Spac. AaBbCel AaBbcct Headings T Normal Styles ON CASH BUDGET QUESTION Saved ayout References Mailings Review View - A Aar Po EESE 219 * A-D-A- ZEE. Paragraph Font QUESTION 1 Bradley Corporation had the following comparative current assets and current liabilities Current assets Dec 31, 2017 Dec 31, 2016 Cash $ 30.000 $ 30.000 Short-term investments 40.000 10.000 Accounts receivable 55,000 95000 Inventory..... 98,000 79.000 Prepaid expenses.... 35.000 20.000 Total current assets $250.000 $234 000 Current has Accounts payable $120.000 5110 000 Salaries payable 40.000 30.000 Income tax payable 20,000 15 000 Total current liabilities $180.000 5155 000 During 2017 credit sales and cost of goods sold were $260,000 and $102,000, respectively Instructions Calculate the following liquidity measures for 2017 n) Current ratio h) Acest rate c) Receivables turnover d) Inwestory turnover Record