61. A company's year-end balance sheet is shown below: Assets Cash $ 300,000 Accounts receivable 350,000 Inventory 600,000 Property, plant and equipment (net) 2.000.000 $3,250,000 Liabilities and Shareholder Equity Current liabilities $ 700,000 Long-term liabilities 600,000 Common stock 800,000 Retained earnings 1,150,000 $3,250,000 What is the current ration as of December 31? a. 1.79 b. 0.93 c. 0.67 d. 0.43 62. Redwood Co.'s financial statements had the following information at year end. Cash $ 60,000 Accounts receivable 180,000 Allowance for uncollectible accounts 8,000 Inventory 240,000 Short-term marketable securities 90,000 Prepaid rent 18,000 Current liabilities 400,000 Long-term debt 220,000 What was Redwood's quick ratio? a. 0.81 to 1 b. 0.83 to 1 c. 0.94 to 1 d. 1.46 to 1 63. Green Co. had the following equity transactions at December 31: Cash proceeds from sale of investment in Blue Co. (carrying value - $60,000) $75,000 Dividends received on Grey Co. stock 10,500 Common stock purchased from Brown Co. 38,000 What amount should Green recognize as net cash from investing activities in its statement of cash flows at December 31? a. $37,000 b. $47,500 c. $75,000 d. $85,500