1. A man purchased four boards that are each 20 feet to make

18 5/8 foot boards for his gazebo. Upon measuring, he finds they are 19 15/16 feet, 20 1/8 feet, 20 feet, and 19 13/16 feet. How much must be removed from each board to get 18 5/8 foot boards.

2. Find the product.

4 3/8 5 4/9

3. A home-decorating company is determining the amount of fabric required for a customer's window treatments. A single window requires 12 2/3 yards and a double window requires

17 5/6 yards of fabric. If there are two single windows and one double window, how much fabric is required?

4. Dove Sporting Goods Company reported the following at March 31, 2022 and 2021:

Dove Sporting Goods Company
Balance Sheets
31-Mar
		2022	2021
ASSETS
Current:
Cash		$900	$600
Accounts receivable	28,500	32,500
Inventories	33,000	33,350
Other current assets	4,700	4,600
Total current assets	67,100	?
Property and equipment, net	6,000	4,300
Other assets	21,000	35,600
Total assets	$94,100	$110,950
LIABILITIES
Total current liabilities	$54,700	$49,700
Long-term liabilities	3,100	600
Total liabilities	57,800	50,300
STOCKHOLDERS' EQUITY
Common stock	23,000	21,000
Retained earnings	13,300	39,650
Total stockholders' equity	36,300	60,650
Total liabilities and stockholders' equity	$94,100	$110,950

Requirements

1.	Identify the formula to compute the current ratio.
2.	Determine the total current assets balance for Dove Sporting Goods at March 31, 2021, and then compute the current ratio as of March 31, 2022 and as of March 31, 2021. (Round to two decimal places.)
3.	Has the current ratio for Dove Sporting Goods improved or deteriorated during the fiscal year ending March 31, 2022. How can you tell?

5.Crow Sporting Goods Company reported the following at March 31, 2022, with amounts in thousands:

Crow Sporting Goods Company
Balance Sheet
31-Mar-22
		Thousands
ASSETS
Current:
Cash		$1,300
Accounts receivable	27,800
Inventories		30,000
Other current assets	5,200
Total current assets	64,300
Property and equipment, net	6,900
Other assets		24,100
Total assets		$95,300
LIABILITIES
Total current liabilities	$54,700
Long-term liabilities	4,700
Total liabilities	59,400
STOCKHOLDERS' EQUITY
Common stock	23,000
Retained earnings	12,900
Total stockholders' equity	35,900
Total liabilities and stockholders' equity	$95,300

1.	Compute Crow's current ratio. (Round to two decimal places.)
2.	Prepare the income statement for the year ended March 31, 2022.
3.	Journalize the earning of service revenue: $56,000 on account and $37,000 in cash.