Denna Company's working capital accounts at the beginning of the year follow Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses Accounts payable Notes due within one year Accrued liabilities S 68,000 S 26,200 S 345,200 S 454,800 S 7,600 S 196,400 S 96,000 S 58,200 During the year, Denna Company completed the following transactions: x. Paid a cash dividend previously declared, $28,000 a. Issued additional shares of common stock for cash, $196,000 b. Sold inventory costing $68,400 for $98,000, on account. c. Wrote off uncollectible accounts in the amount of $9,200, reducing the accounts receivable balance accordingly. d. Declared a cash dividend, $28,000. e. Paid accounts payable, $96,800. f. Borrowed cash on a short-term note with the bank, $57,000 g. Sold inventory costing $18,780 for $12,520 cash. h. Purchased inventory on account, $48,500 i. Paid off all short-term notes due, $153,000 Purchased equipment for cash, $73,400 Sold marketable securities costing $16,200 for cash, $13,500 Collected cash on accounts receivable, $77,800 I. 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