Denna Companys 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 $ 56,000 $ 29,800 $316,400 $ 423,600 $5,200 $174,800 $ 72,000 $ 47,400 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