(a) The current ratio of a company is 5:1 and its add-test ratio is 11 If the inventories and prepaid items amount to $485,000, what is the amount of current liabilities? Current Liabilities $ (b) A company had an average Inventory last year of S196.000 and its inventory turnover was 5. If sales volume and unit cost remain the same this year as last and inventory tumover is 8 this year. What will average inventory have to be during the current year? (Round answer to O decimal places es 125.) Average Inventory (c) Acompany has current assets of $89,000 (of which 542.000 is inventory and prepaid items) and current liabilities of $42.000 What As the current ratio? What is the add-test ratio? If the company borrows $14,000 cash from a bank on a 120 day loan what will its current ratlo be? What will the add-test ratio be? (Round answers to 2 decimal places, es.2.50) Current Ratio 2:11 1 Add Text Ratio 1 New Current Ratio 1 New Acid Test Ratio 110 1 (d) A company has current assets of $570,000 and current liabilities of $250,000. The board of directors dedares a cash dividend of $196,000. What is the current ratio after the declaration but before payment? What is the current ratio after the payment of the dividend? (Round answer to 2 decimal places es 2.50) Current ratio after the declaration but before payment Current ratio after the payment of the dividend 1