Exam 4 Using the following year-end information for Calvin's Clothing, calculate the current ratio and acid-test ratio for the business 54 00:34 20 Cash Short-term investments Accounts receivable Inventory Prepaid expenses Accounts payable Other current payables $ 52,000 12,000 54,00 325,000 17,500 106,500 25,000 eBook Multiple Choice 1.80 and 1.00 180 and 0.90 2.73 and 1.52 3.50 and 0.90 197 and 152 Saved The principles of internal control include: 5 Multiple Choice 00:42:53 Require automated sales systems. Use only computerized systems. Maintain minimal records. Bond all employees Separate recordkeeping from custody of assets. Saved The principles of internal control include: 15 Multiple Choice 00:42:53 O Require automated sales systems. eBook Use only computerized systems. Maintain minimal records Bond all employees Separate recordkeeping from custody of assets. Help Save & Exit Submit B2 Trey Morgan is an employee who is paid monthly. For the month of January of the current year, he earned a total of $4538. The FICA tax for social security is 6.2% of the first $128.400 earned each calendar year, and the FICA tax rate for Medicare is 145% of all earnings for both the employee and the employer. The amount of federal income tax withheld from his earnings was $680 70. What is the total amount of taxes withheld from the Trey's eamings? AM Multiple Choice 396206 $102716 07.02 O 10020 574650