Answer each of the questions in the following unrelated situations.

$($a$)$ The current ratio of a company is $6$:$1$ and its acid$-$test ratio is $1$:$1.$ If the inventories and prepaid items amount to $$513,000,$ what is

the amount of current liabilities?

Current Liabilities

$

$($b$)$ A company had an average inventory last year of $$218,000$ and its inventory turnover was $5.$ 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? $($Round

answer to $0$ decimal places, e$.$g$.125.)$

Average Inventory

$

$($c$)$ A company has current assets of $$88,000($of which $$43,000$ is inventory and prepaid items$)$ and current liabilities of $$43,000.$ 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, eg$.2\mathrm{.}50.)$

Current Ratio

Acid Test Ratio

:$1$

New Current Ratio

$($d$)$ A company has current assets of $$619,000$ and current liabilities of $$256,000.$ The board of directors declares a cash dividend of

$$185,000.$ What is the current ratio after the declaration but before payment? What is the current ratio after the payment of the

dividend? $($Round answers to $2$ decimal places, e$.$g$.2\mathrm{.}50.)$