Liquidity Analysis) The King Carpet Company has 53.100000 in cash and a lot of 512220.000 in carn e Them 's current i s equal $5 230 000 such that the firm's current ratio quals 23 The company's managers want to reduce the firm's cash holding down to $1,000,000 by paying $551 000 in cash to expand the firm's truck foot and using $1.589.000 in cash torre a short term note if they carry this plan through what will happen to the current rato? The new current is found to one decimal place Use the information below AND determine the la) cost of the units transferred out and the cost of the ending WIP for July 31 HINT Use your hard copy of the production cost report to assist you The Cutting Department of Lawrence & Land Company reports the following Wormation for the month of July 2018 Materials are entered at the beginning of the cutting process. Other costs are incurred evenly during the process Production results were (1) 24.000 units were started at the beginning of July (2) M 31.2011, 4000 units were contesto Convension and 100% completea material Contaccumulated during och brincade (1) Scots beginning WW 1 2018 (2) Maat 10 000 3) Labo 121200 Manfang Overhead, 532 200 Liquidity Analysis) The King Carpet Company has 53.100000 in cash and a lot of 512220.000 in carn e Them 's current i s equal $5 230 000 such that the firm's current ratio quals 23 The company's managers want to reduce the firm's cash holding down to $1,000,000 by paying $551 000 in cash to expand the firm's truck foot and using $1.589.000 in cash torre a short term note if they carry this plan through what will happen to the current rato? The new current is found to one decimal place Use the information below AND determine the la) cost of the units transferred out and the cost of the ending WIP for July 31 HINT Use your hard copy of the production cost report to assist you The Cutting Department of Lawrence & Land Company reports the following Wormation for the month of July 2018 Materials are entered at the beginning of the cutting process. Other costs are incurred evenly during the process Production results were (1) 24.000 units were started at the beginning of July (2) M 31.2011, 4000 units were contesto Convension and 100% completea material Contaccumulated during och brincade (1) Scots beginning WW 1 2018 (2) Maat 10 000 3) Labo 121200 Manfang Overhead, 532 200