The following data are for Clock Company:

a. Compute the amount of working capital at both year-end dates.
Required

b. Compute the current ratio at both year-end dates.

c. Compute the acid-test ratio at both year-end dates.

d. Compute the cash flow liquidity ratio at both year-end dates.

e. Comment briefly on the company's short-term financial position.

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Notes payable (due in 90 days) Merchandise inventory. Cash December 31 2000 1999 75,200 $60,000 240,000 208,000 100,000 128,000 Marketable securities 49,600 30,000 Accrued liabilities. 19.200 22,000 Accounts receivable 188,000 184,000 Accounts payable. 112,000 72,000 Allowance for uncollectible accounts 24,000 15,200 Bonds payable, due 2001 156,000 160,000 Prepaid expenses. 6,400 7,360 Cash flow from operating activities 60,000 40,000