brief exercise 24-8 answer each of the questions in the following unrelated situations

Brief Exercise 24-8 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 $523,000, what is the amount of current abilities? Current abilities (b) A company had an average Inventory last year of $210,000 and its inventory turnover was 5. If sales volume and unit cost remain the same this year as fast and Inventory turnover is this year, what will average Inventory have to be during the current year? (Round answer to O decimal places, e.g. 125.) Average Inventory (c) A company has current assets of $95,000 (of which $ 38,000 is inventory and prepaid items) and current liabilities of $30,000. What is the current ratio? What is the add-test rate If the company borrows $13,000 cash from a bank on a 120-day loan, what will its current ratio be? What will the add test ratio be? ( A nd answers to 2 decimal places, .. 2.50) Current Ratio Adid Test Ratio New Current Ratio New Add Test Ratio (d) A company has current assets of $604,000 and current abilities of $218,000. The board of directors dedares a cash dividend of $183.000. What is the current ratio after the dedaration but before payment? What is the current ratio after the payment of the dividend? (Round answers to 2 decimal places, c.0. 2.50.) 11:12 PM Current ratio after the declaration but before payment w V17/2020 CALCULATOR PRINTER VERSION BACK NOTE (c) A company has current assets of $95.000 (of which $38,000 is inventory and prepaid hems) and current abides of $8.000. What is the current ratio what is the If the company borrows $13,000 cash from a bank on a 120-day loan, what will its current to be what will the acid-test ratio be? (Round answers to decid 2.50) ide a e Current Ratio Add Test Ratio New Current Ratio New Adid Test Ratio (d) A company has current assets of $504,000 and current liabilities of $218,000. The board of directors declares a cash dividend of $183,000. 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, .0. 2.50.) Current ratio after the declaration but before payment Current ratio after the payment of the dividend Click if you would like to Show Work for this question: Doen Show Work LINK TO TEXT Question Attempts: 0 of 3 used SAVE FOR LATE SULIYANIWER 11 PM