Selected balance sheet accounts for Tibbetts Company on September 30, 2022, are as follows:

Required:

a. Calculate the working capital, current ratio, and acid-test ratio for Tibbetts Company as of September 30, 2022.
b. Summarized here are the transactions/events that took place during the fiscal year ended September 30, 2023. Indicate the effect of each item on Tibbetts Company’s working capital, current ratio, and acid-test ratio. Use + for increase, − for decrease, and (NE) for no effect.

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Cash..... Marketable securities...... Accounts receivable, net... Inventory.... Prepaid expenses. Total current assets .... Accounts payable..... Other accrued liabilities . . . . ... .. $ 54,000 87,000 129,000 189,000 21,000 $480,000 $147,000 63,000 90,000 $300,000 Short-term debt..... Total current liabilities ....