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Chapter 3 Homework AssigrinEHA n of Sibbe Pharmaceutical Company's balance sheet included cash of $28,000 and accounts receivable of $48,000. The only other current asset

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Chapter 3 Homework AssigrinEHA n of Sibbe Pharmaceutical Company's balance sheet included cash of $28,000 and accounts receivable of $48,000. The only other current asset is inventories. The company's current ratio is 2.4 and its acid-test ratio is 1.6. Determine the ending balance in inventories and total current liabilities. Current liabiliies

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