if someone could explain how to get the answer that would be great!

Required information The following information applies to the questions displayed below) Edward Allen Interiors Inc. Is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Edward Allen's September 30, 2016, trial balance. (The amounts shown represent millions of dollars.) s 120 Accounts Receivable 28 136 26 Cash Common Stock Equipment 365 172 225 Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent 28 381 Salaries and Wages Payable Assume that the following events occurred in the following quarter a. Paid $60 cash for additional inventory b. Issued additional shares of common stock for $25 in cash. c Purchased equipment for $190; pald $90 in cash and signed a note to pay the remaining $100 in two years. d. Signed a short-term note to borrow $13 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $34. Required: 1-a. Calculate Edward Allen's current ratio at September 30, 2016, prior to the transactions listed above. (Round your answer to 2 Next Prev23 .9 of 9 Assume that the following events occurred in the following quarter a. Paid $60 cash for additional inventory b. Issued additional shares of common stock for $25 in cash. Purchased equipment for $190; paid $90 in cash and signed a note to pay the remaining $100 in two years. d. Signed a short-term note to borrow $13 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $34 f 8 1-a. Calculate Edward Allen's current ratio at September 30, 2016, prior to the transactions listed above. (Round your answer to 2 1-b. Based on the above calculation and analysis of TripAdvisor's current ratio 4.73, indicate which company is in a better position to pay liabilities. Edward Allen TripAdvisor 4 910f9 Next >