calculate the working capital, current ratio, and acid-test ratio for Tibbetts Company as of September 30, 2016

Selected bakance sheet accounts for Tibbetts Company on September 30, 2016, are as folows S 48,000 7,000 129, 000 135,000 21,000 $ 420,000 Marketable securities Accounts ecelvable, net Prepaid expenses Tolal curtent assets Accounts payable Other accrued labties Shod term debt 33.000 Total curent labilaies $240.000 Required a. Calcuiale the worling capita, cunent ratio, and ackd-test ranio for Tibbetts Compary as of Seplember 30, 2016 (Roun Working capital Current ratio Acid-test ratio b. Summarized here are the transacticnsvevents nat took place during the tscal ear ended September 30.2017 1 Credit sales for the year amounted lo 2 Colected accounts receivable, $378,000 s $360,000 The cost of goods sokd was $234,000 d Issued 250 shares of comman stock for $54 per share Esc 8