Ch 4:1 A restaurant has current assets of $40,440 and current liabilities of $16,170 at the end of a monthly operating period. Calculate the following: a. Current ratio is:1 b. Working capital is: $ Calculations: b. Ch 4:2 The composition of current assets for a given period is shown below. Current liabilities for the same period were $12,825. Calculate the current ratio and the acid test (quick) ratio for the period Cash Credit card receivables Accounts receivable Inventories (for resale) Marketable securities Prepaid insurance $4,080 1,240 125 4,030 10,000 3,000 Total current assets 22,475 The current ratio is: The acid test ratio is: a. b. Calculations: a. b. Ch 4:5