BE 168 Using these data from the comparative balance sheet of Luca Company, perform vertical analysis. Accounts receivable Inventory Total assets December 31, 2009 $ 550,000 800,000 1,350,000 December 31, 2008 $ 400,000 600,000 1,000,000 Selected financial statement data for Meyer Company are presented below. 12/31/08 Cash $ 20,000 Short-term investments 25,000 Accounts receivable 70.000 Inventories 75.000 Total current liabilities 110,000 Instructions Compute the following ratios at December 31, 2008: (a) Current (b) Acid-test