A)Using the following year-end information for Calvins Clothing, Inc., calculate the current ratio and acid-test ratio for the business:

Cash	$ 52,070
Short-term investments	8,500
Accounts receivable	47,000
Inventory	160,000
Prepaid expenses	11,310
Accounts payable	102,500
Other current payables	30,300

B)Havermill Co. establishes a $480 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $96 for Office Supplies, $183 for merchandise inventory, and $45 for miscellaneous expenses. The fund has a balance of $156. On October 1, the accountant determines that the fund should be increased by $96. The journal entry to record the reimbursement of the fund on September 30 includes a:

C)Flitter reported net income of $22,000 for the past year. At the beginning of the year the company had $209,000 in assets and $59,000 in liabilities. By the end of the year, assets had increased to $309,000 and liabilities were $84,000. Calculate its return on assets: