Question: Using the following data from a partial balance sheet that Mr. Niles has provided to you, being sure to show all calculations and clearly labeling

  1. Using the following data from a partial balance sheet that Mr. Niles has provided to you, being sure to show all calculations and clearly labeling your answers:

  • Calculate working capital

  • Calculate current ratio

  • Calculate quick ratio

Cash

$8,041

Short-term investments

4,947

Accounts receivable

12,545

Inventories

14,814

Other current assets

5,471

Total current assets

$45,918

Total current liabilities

$40,644

In reviewing the results of the above financial ratios, do you have any concerns? Why or why not?

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