Cash Short-term Investments Accrued Liabilities Notes Payable, long-term Prepaid Insurance Accounts Payable Inventory Accounts Receivable Salaries Payable Intangible Assets Property, Plant and Equipment 628,000 75,000 805,000 200,000 85,000 825,000 1,455,000 89,000 115,000 525,000 1,350,000 Computation Interpretation-what does the result mean? Compute: a. Working capital: b. Current ratio: c. Quick ratio: d. Consider the additional information. Compare and interpret your findings: Are the results acceptable? Explain. Current ratio, prior year: 1.5 Industry average: 1.0 The Listy Company presents the following data for December 31, 2018. Inventories, beginning of year Inventories, end of year Cost of Goods Sold Net Sales $ 855,000 802,000 4,070,700 7,515,500 The inventory turnover in days (use average inventory) is: a. 4.9 b. 74.3 C. 69.7 d. 71.8 e. 45.8 The prior and current year results for Days' Sales in Inventory are: a. Using information above: Complete 2018 2018 2017 65.0 2016 73.1 Days' Sales in Inventory b. Tor F: This trend indicates the company is improving its efficiency and effectiveness in managing inventory from the previous year, but is better than its 2016 performance