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Assume that the current ratio for Arch Company is 35, is acid-test ratio is 15 and its working capital is $300.000 Answer each of the

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Assume that the current ratio for Arch Company is 35, is acid-test ratio is 15 and its working capital is $300.000 Answer each of the following questions independency was een to the Information Required a. How much does the ivm have in current abies? (Do not round intermediate calculations.) D. Ir the only current assets shown on the balance sheet for Arch Company are Cash Accounts Receivable, and Merchandise investory, how much does them not round intermediate calculations.) have in Merchande en Merchandise inventory ct the secolecis an account recevable of $107.000, what will its new current ratio and working capitale Round Curren t decimal place We d. If the firm pays an account payable of $54,000, what will its new current ratio and working capital be? (Do not round intermediate calculations. Round "Current ratio to Current ratio Working capital e. If the firm sells inventory that was purchased for $50,000 at a cash price of 559,000, what will its new acid-test ratio be? Do not round intermediate calculations. Round decimal place.) Acid-test ratio

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