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Brief Exercise 14-9 Selected condensed data taken from a recent balance sheet of Heidebrecht Inc. are as follows. HEIDEBRECHT INC. Balance Sheet (partial) Cash Short-term
Brief Exercise 14-9 Selected condensed data taken from a recent balance sheet of Heidebrecht Inc. are as follows. HEIDEBRECHT INC. Balance Sheet (partial) Cash Short-term investments Accounts receivable Inventory Other current assets Total current assets Total current liabilities $7,904,700 4,831,000 12,501,000 14,103,000 5,454,300 $44,794,000 $39,157,700 What are the (a) working capital, (b) current ratio, and (c) acid-test ratio? (Round ratios to 2 decimal places, e.g. 1.58: 1.) (a) Working capitals (b) Current ratio (c) Acid-test ratio LINK TO TEXT
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