Byron Brothers Byron Brothers, Inc., a retailer of men's clothing, earned a net profit of $77,000 for 2008. The balance sheet for Byron Brothers includes the following items: Cash $29,000 Accounts receivable $39,000 Inventory 79,000 Prepaid insurance 3,000 Land 90,000 Accounts payable 21,000 Taxes payable 29,000 Capital stock 50,000 Retained earnings 97,000 Long-term notes payable 43,000 14. Refer to Byron Brothers. Calculate the total amount of current assets for Byron Brothers. a. $100,000 b. $147,000 c. $150,000 d. $249,000 15. Refer to Byron Brothers. Calculate Byron Brothers' current ratio. a. 2.58 to 1 b. 2.77 to 1 c. 3.00 to 1 d. 2.00 to 1 16. Refer to Byron Brothers. Assume Byron Brothers' current assets total $120,000. Determine the amount of working capital for Byron Brothers. a. $27,000 b. $67,000 c. $70,000 d. $91,000