Using the Balance Sheet given below, answer 1 through 5

Cain Auto Supplies
Balance Sheet
December 31, 2016
Cash	$ 80,000		Accounts payable	$ 76,000
Prepaid Insurance	36,000		Interest payable	22,000
Accounts Receivable (Net)	60,000		Mortgage payable	216,000
Inventory	204,000		Total Liabilities	314,000
Land held for investment	96,000
Land	90,000		Common Stock	$ 144,000
Building and Equipment	132,000		Retained Earnings	300,000
Less accumulated depreciation	(24,000)		Total stockholders equity	444,000
Trademark	34,000
Copyright	30,000		Total Liabilities &
Total Assets	$ 758,000		Stockholder Equity	$ 758,000

#1: - calculate current assets?

- $176,000

- $380,000

- $476,000

- $318,000

#2: - calculate Plant, Property and Equipment?

- $96,000

- $318,000

- $222,000

- $198,000

#3: - calculate Intangible assets?

- $96,000

- $64,000

- $30,000

- $34,000

#4: - calculate current liabilities?

- $98,000

- $76,000

- $22,000

- $314,000

#5: - calculate current ratio?

- 0.82

- 1.80

- 3.88

- 1.00