Answer each of the questions in the following unrelated situations. (a) The curcent 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 arnount of current liabilities? Current liabilities s (b) A company had an average imentory last year of \\( \\$ 212000 \\) and its imventory tumover was 6 . If sales voivme and unit cost remain the same this year as last and imventory turnower is 8 this year, what wili average imentory heve to be during the current year? Averagnimentory (c) A company has current assets of \\( \\$ 85,000 \\) fof 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, es. 2.50) Current natio Acid-test ratio New current ratio New acid test ratio (d) A compary has current assets of \\( \\$ 626,000 \\) and current liablities of \\( \\$ 221,000 \\), The board of directors deciares a cash dividend of \\$166,000. What is the current ratio after the declaration but before payme pt? What is the current ratio aftec the payment of the dividend? (Round answers to 2 decimal ploces, es. 2.50 ) Current ratio after the declaration but before payment Current ratio after the payment of the dividend 1 1