HELPPPP I received this feedback from my professor for my HW.

Submission Feedback Overall Feedback

Hi Laura - don't panic with the "0" - it's just a place holder. I've included some feedback on the attached file to help you revise part B of the assignment. Once I receive your 2nd submission I'll assign a final grade. Please let me know if you have any questions.

Thanks :)

This is the file that she asked to to review

and this is the assignment (Part B) she would like me to review,

anybody understand how I use the excel breakdown for part B of question?

a. Calculate the working capital, current ratio, and acid-test ratio for Tibbetts Company as of September 30, 2019. 1. Working Capital = Current Assets - Current Liabilities =$420,000$240,000=$180,000 2. Current Ratio = Current Assets / Current Liabilities =$420,000/$240,000=1.75 3. Acid-Test Ratio =( Cash + Marketable Securities + Accounts Receivable )/ Current Liabilities = ($48,000+$87,000+$129,000)/$240,000=1.1 b. Summarized here are the transactions/events that took place during the fiscal year ended September 30, 2020. Indicate the effect of each item on Tibbetts Company's working capital, current ratio, and acid-test ratio. Use + for increase, - for decrease, and (NE) for no effect. [Hint: It may be helpful to use the horizontal model or to record the journal entry(ies) for each item before considering the effects on liquidity measures.] a. Calculate the working capital, current ratio, and acid-test ratio for Tibbetts Company as of September 30, 2019. 1. Working Capital = Current Assets - Current Liabilities =$420,000$240,000=$180,000 2. Current Ratio = Current Assets / Current Liabilities =$420,000/$240,000=1.75 3. Acid-Test Ratio =( Cash + Marketable Securities + Accounts Receivable )/ Current Liabilities = ($48,000+$87,000+$129,000)/$240,000=1.1 b. Summarized here are the transactions/events that took place during the fiscal year ended September 30, 2020. Indicate the effect of each item on Tibbetts Company's working capital, current ratio, and acid-test ratio. Use + for increase, - for decrease, and (NE) for no effect. [Hint: It may be helpful to use the horizontal model or to record the journal entry(ies) for each item before considering the effects on liquidity measures.]