Current Liabilities Bon Nebo Co. sold 14,500 annual subscriptions of Magazine 20xx for $47 during December 20y8. These new subscribers will recelve monthly issues, beginning in January 20y9. In addition, the business had taxable income of 5428,000 during the first calendar quarter of 20 io. The federal tox rate is 3896 . A quarterly tax payment will be made on April 12, 20 y. Prepare the Current Labilities section of the balance sheet for Bon Nebo Co. on March 31,20 r. Gmeiner Co. had the following current assets and liabilities on December 31 of two recent years: This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. This information has been collected in the Microsoft Excel Onilne file. Open the spreadsheet, perform the required analysis, and input you answers in the questions below. Open spreadsheet a. Determine the quick ratio for December 31 of both years. If required, round your answers to one decimal place. b. How did the quick ratio change between the two balance sheet dates