Chapter 4 Hand-out Assignment Question 1 The following data are taken from the financial statements of Keanan Company as at the end of the year 2021. The data are in alphabetical order. Accounts Payable. $28,000 Profit. 48,000 Accounts Receivable 66,000 Supplies 8,600 54,000 Total assets.. 250,000 Other current liabilities......... 17,000 Total liabilities..... 200,000 Prepaid Insurance ................ 2,000 Wages payable 5,000 Cash Instructions a) Calculate Keanan Company's working capital, current ratio, and acid-test ratio. b) Explain what additional information you would require in order to use the three measures to evaluate Keanan's liquidity