Exercise $3-19($Algo$)$ Calculating ratios; solve for unknowns $[$LO$3-8]$

The current asset section of Guardian Consultant's balance sheet consists of cash, accounts receivable, and prepaid expenses. The

balance sheet reported the following: cash, $$1,450,000$; prepaid expenses, $$510,000$; long$-$term assets, $$3,900,000$; and shareholders'

equity, $$4,000,000.$ The current ratio at the end of the year was $2\mathrm{.}0$ and the debt to equity ratio was $1\mathrm{.}4.$

Required:

Determine the following amounts and ratios:

Note: Round your "The acid$-$test ratio" answer to $1$ decimal place.

Answer is complete but not entirely correct.