$($a$)$ The current ratio of a company is $5$:$1$ and its acid$-$test ratio is $1$:$1.$ If the inventories and prepaid items amount to $$520,000,$ what is the amount of current liabilities?

Current Liabilities

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$($b$)$ A company had an average inventory last year of $$212,000$ and its inventory turnover was $6.$ If sales volume and unit cost remain the same this year as last and inventory turnover is $8$ this year, what will average inventory have to be during the current year? $($Round answer to $0$ decimal places, e$.$g$.125.)$

Average Inventory

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$($c$)$ A company has current assets of $$85,000($of which $$41,000$ is inventory and prepaid items$)$ and current liabilities of $$41,000.$ What is the current ratio? What is the acid$-$test ratio? If the company borrows $$14,000$ cash from a bank on a $120-$day loan, what will its current ratio be$?$ What will the acid$-$test ratio be$?($Round answers to $2$ decimal places, eg$.2\mathrm{.}50.)$

$($d$)$ A company has current assets of $$626,000$ and current liabilities of $$221,000.$ The board of directors declares a cash dividend of $$166,000.$ What is the current ratio after the declaration but before payment? What is the current ratio after the payment of the dividend? $($Round answers to $2$ decimal places, eg$.2\mathrm{.}50.)$

Current ratio after the declaration but before payment $$ :$1$

Current ratio after the payment of the dividend $$ :$1$