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As a consultant for Acme Engineering you have been able to establish the following parameters from their Financial Statements:

Item

Amount

Cash

$200,000

Securities

$90,000

Accounts Receivable

$300,000

Inventories

$400,000

Prepaid Expenses

$16,000

Accounts Payable

$630,000

Other Liabilities

$180,000

Calculate the following parameters:

Total Assets

Total Liabilities

Working Capital

Current Ratio

Acid Test Ratio