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Question 1 The following data are taken from the financial statements of Keanan Company as at the end of the year 2021. The data are

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Question 1 The following data are taken from the financial statements of Keanan Company as at the end of the year 2021. The data are in alphabetical order. Accounts Payable. $28,000 Accounts Receivable ... Profit 48,000 66,000 Supplies.. 8,600 Cash......... 54,000 Total assets 250,000 Total liabilities Other current liabilities. 17,000 200,000 Prepaid Insurance .. Wages payable.. 2,000 5,000 .... Instructions a) Calculate Keanan Company's working capital, current ratio, and acid-test ratio. Explain what additional information you would require in order to use the three measures to Keanan's liquidity b) evaluate

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