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Rubendall Corporation reported Total current assets of $325,000, which included quick assets of 235,000. Noncurrent assets were $630,000. Total current liabilities were $275,000, and long-term
Rubendall Corporation reported Total current assets of $325,000, which included quick assets of 235,000. Noncurrent assets were $630,000. Total current liabilities were $275,000, and long-term liabilities of $300,000. Total stockholders' equity: $390,000. Required: 1. Compute the company's current ratio. 2. Compute the company's acid test (quick) ratio. 3. Compute the working capital. Show your work! Edit Format Table 12pt Paragraph V BIUA T v T
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