1.Use the following information:

Accounts Receivable

Beg. Bal.	188,800
	106,200			18,130
	64,030			5,530
				14,830
				19,330

Partial list of account balances at the end of the year:

Cash	$28,130
Accounts Receivable	?
Equipment	35,730
Accounts Payable	6,030

The amount of total current assets that will be reported on the company's balance sheet at the end of the year is:

a) $146,480.

b) $329,340.

c) $259,640.

d) $140,340.

2. A company's trial balance included the following account balances:

Accounts payable	$19,227
Accounts receivable	81,356
Cash	73,344
Income tax payable	3,532
Inventories	25,836
Note payable, due in two years	1,729
Equipment	54,328
Stockholders' equity	203,008
Supplies	5,532
Wages payable	12,900
What is the amount of the current ratio (round to two decimal places)? a) 1.00 b) 5.00 c) 2.02 d) 5.22