Denna Company's working capital accounts at the beginning of the year follow 56,000 29,800 316,400 423,600 Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses Accounts payable Notes due within one year Accrued liabilities $5,200 s174,800 72,000 s47,400 During the year, Denna Company completed the following transactions x. Paid a cash dividend previously declared, $16,000 a. Issued additional shares of common stock for cash, $172,000 b. Sold inventory costing $58,800 for $86,000, on account. C. Wrote off uncollectible accounts in the amount of $4,400, reducing the accounts receivable balance accordingly d. Declared a cash dividend, $16,000 e. Paid accounts payable, $77,600 f. Borrowed cash on a short-term note with the bank, $39,000 g. Sold inventory costing $21,300 for $14,200 cash h. Purchased inventory on account, $39,500 i. Paid off all short-term notes due, $111,000 j. Purchased equipment for cash, $63,800 k. Sold marketable securities costing $19,800 for cash, $16,500 I. Collected cash on accounts receivable, $64,600 Required 1. Compute the following amounts and ratios as of the beginning of the year: (Round your ratios to 2 decimal places.) a. Working capital b. Current ratio c. Acid-test ratio