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5 6 Mungin Company has a current ratio of 3.00 on December 31. On that date the company's current 7 assets are as follows 8

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5 6 Mungin Company has a current ratio of 3.00 on December 31. On that date the company's current 7 assets are as follows 8 9 Cash 32,000 10 Short-term investments 49,300 11 Accounts receivable (net) 170,000 12 Inventory 200,000 13 Prepaid expenes 11,600 14 Total Current Assets 462,900 15 16 Lider Company's current liabilities at the beginning of the year were $150,000 and during the year 17 its operating activities provided a cash flow of $60,000 18 19 a. What are the firm's current liabilities on December 317 20 b. What is the firm's working capital on December 31? 21 c. What is the quick ratio on December 31? 22 d. What is Lider operting-cash-flow-to-current-liabilities ratio? 23 25 26 27 8 9 0 1 3

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