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Pritchett Company reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Prepaid (current) assets Total current liabilities $ 26,100 9,100 19,400

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Pritchett Company reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Prepaid (current) assets Total current liabilities $ 26,100 9,100 19,400 27,900 15,000 39,000 Compute the (a) current ratio and (b) acid-test ratio. Complete this question by entering your answers in the tabs below. Current Ratio Acid Test Ratio Compute the current ratio. Current Ratio Numerator: 1 Denominator: = II 1 Compute the acid-test ratio. + + Numerator: + Current Ratio = Current ratio = to 1 Acid-Test Ratio I Denominator: L Acid-Test Ratio = Acid-test ratio to 1

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