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2. The following data are taken from the sheet at the end of the current year: Cash Trading Investments Accrued Liabilitics Notes Payable, long-term Prepaid
2. The following data are taken from the sheet at the end of the current year: Cash Trading Investments Accrued Liabilitics Notes Payable, long-term Prepaid Insurance Accounts Payable 525,000 106,000 515,000 90,000 95,000 348,000 1,459,000 89,000 105,000 500,000 Accounts Receivable Salaries Payable Intangible Assets Property, Plant and Equipment Interpretation-what does the result mean? Compute: a. Working capital: b. Current ratio: c. Acid-test ratio: d. Consider the additional information for the above analysis: Current ratio, prior year: 1.8 Industry average: 2.1 Interpret your findings: Are the results acceptable
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