Selected condensed data taken from a recent balance sheet of Evangelista Inc. are as follows. EVANGELISTA INC.

Question:

Selected condensed data taken from a recent balance sheet of Evangelista Inc. are as follows.

EVANGELISTA INC.

Balance Sheet (partial)

Cash..............$ 8,041,000

Short-term investments........4,947,000

Accounts receivable........12,545,000

Inventory.............14,814,000

Other current assets.......5,571,000

Total current assets.......$45,918,000

Total current liabilities.....$40,644,000

What are the

(a) Working capital,

(b) Current ratio, and

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...