Answer each of the questions in the following unrelated situations.

$($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?

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 and inventory turnover is $8$ this year, what will average inventory have to be during the current year?

Average inventory

$

$$

$($c$)$ A company has current assets of $$86,000($of which $$41,000$ is inventory and prepaid items$)$ and current liabilities of $$41,000.$ What is the current ratio? What is the acid$-$test ratio? If the company borrows $$17,000$ 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, e$.$g$.2\mathrm{.}50.)$

Current ratio $$ :$1$

Acid$-$test ratio $$ :$1$

New current ratio $$ :$1$

New acid$-$test ratio $$ :$1$