(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 $531,000, what is the amount of current liabilities?

(b). A company had an average inventory last year of $180,000 and its inventory turnover was 6. If sales volume and unit cost remain the same this year as last year and inventory turnover is 8 this year, what will average inventory have to be during the current year?

(d). A company has current assets of $578,000 and current liabilities of $229,000. The board of directors declares a cash dividend of $167,000. 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).

can you please show me how you got your answers when completing this? Thanks

NEXT CAL CATOR PRINTER VERSIONBACK Brief Exercise 24-8 Your answer is partially correct, ny again. Ansver each of the questions in the following unrelated situations 531,000, what is the amount of current liabilibes? Current Liabilities (a) The current rato of a company is 5 1 and its acid test ratio is 1:1. If the inventories and prepaid items amount to nven mover 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 O decimal places, e.g. 125.) Average Inventory