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Anwer each of the questioris in the followine unrelated situation: (a) The current ratio of a companyls 6.1 and its adid-test ratio is 1:1. If

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Anwer each of the questioris in the followine unrelated situation: (a) The current ratio of a companyls 6.1 and its adid-test ratio is 1:1. If the inventories and orepaid items anount to 5669900 what if the amount of current liabilitien? Current liabilities (b) A compary had an average inventory last year of $218,000 and its inveotory turnower was 5 .ff salea volume and onit cont renaih the same this year as last and imentory tumover is 8 this year what will average inventory bove to be during the ourrent year? Averabe imventory (c) A comiparw has curreat issets of $96,000 (of which $99,000 is ioventory and prepald iteans) andcirreat ilabilities of 539,000 whut. is the current ratio What is the acid test ratio It the company borrows $17.000 cast from abank on a 120 -day loar whut will its curcent ratio be? What will the aciditest ratio be? (Round onwers to 2 decimal bloceses. 2.50) Currentrato Acid testratio Newe current ratio Ninacid-test ratio (d) A company has current assets of $612,000 and current liabilities of 5253,000 . The board of directors declares a cash dividend of $193,000. What is the current ratio after the deciaration but before payment? What is the current ratio after the payment of the dividend? (Round answers to 2 decimal places es. 2.50.) Current ratio after the declaration but before payment 11 Curlent ratio after the payment of the dividend :1

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