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E4.1 A restaurant reported the following current assets: cash $11,200, credit card receivables $808, accounts receivable $260, food inventory $4,482, and prepaid expenses, $1,220. Current

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E4.1 A restaurant reported the following current assets: cash $11,200, credit card receivables $808, accounts receivable $260, food inventory $4,482, and prepaid expenses, $1,220. Current liabilities total $6,912. Answer the following: a. Calculate the current ratio. b. Calculate the quick ratio (acid test ratio). E4.2 Referring to information in P4.1 calculate working capital and describe what it means. E4.1 A restaurant reported the following current assets: cash $11,200, credit card receivables $808, accounts receivable $260, food inventory $4,482, and prepaid expenses, $1,220. Current liabilities total $6,912. Answer the following: a. Calculate the current ratio. b. Calculate the quick ratio (acid test ratio). E4.2 Referring to information in P4.1 calculate working capital and describe what it means

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