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Chapter 3 homework Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Cu Return to question 2.6 Cur 10 (vi) The current asset section of Guardian Consultant's balance sheet consists of cash. accounts receivable, and prepaid expenses. The 2021 balance sheet reported the following: cash $1,430,000: prepaid expenses, $490,000; long-term assets, $3,700,000, and shareholders' equity. $3,800,000. The current ratio at the end of the year was 2.5 and the debt to equity ratio was 1.5. Tota 8.33 points 5,10 Lone Required: Determine the following 2021 amounts and ratios: (Round your "The acid-test ratio" answer to 1 decimal place.) (vii) Acid Answer is complete but not entirely correct. =(1,5 1. Current liabilities 1,856,000 X = 4.7 2. Long-term liabilities 4,604,000 X 3 Accounts receivable 4,640,000 X = 2.4 4. The acid-test ratio 3.3 x 2 LO 3 A Ac 4 Ac Please Know t Add An TI Mc Graw Hill Type here to search BI