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In alternate excrcise and problem set is available in the Connect library. The following December 31, 2016, fiscal year-end account balance information is available for

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In alternate excrcise and problem set is available in the Connect library. The following December 31, 2016, fiscal year-end account balance information is available for the Stonebridge Comoration: The only asset not listed is short-term investments. The only liabilities not listed are a $30,000 note payable due in two year and related aceried interest of $1,000 due in four months. The current ratio at year-end is 1.5:1. Required: Determine the following at December 31, 2016: 1. Total current assets 2. Short-term investments 3. Retained camings

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