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5. The following data are taken from the balance sheet at the end of the current year. $154,000 Cash Accounts receivable 210,000 240,000 Inventory Prepaid
5. The following data are taken from the balance sheet at the end of the current year. $154,000 Cash Accounts receivable 210,000 240,000 Inventory Prepaid expenses 15,000 Temporary investments 350,000 Property, plant, and equipment 375,000 Accounts payable 245,000 Accrued liabilities 4,000 Income tax payable 10,000 Notes payable, short-term 85,000 Determine the (a) working capital, (b) current ratio, and (c) quick ratio. Round ratios to one decimal place
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