Selected amounts from Reingold Companys balance sheet from the beginning of the year follow:

Selected amounts from Reingold Company's balance sheet from the beginning of the year follow: 62,000 Cash Marketable Securities 8,000 330,800 Accounts receivable, net 439,200 Inventory Prepaid expenses 6,400 870,000 Plant and equipment, net Accounts payable 185,600 52,800 Accrued liabilities 84,000 Notes due within one year Bonds payable in five years 132,000 During the year, the company completed the following transactions: x. Purchased inventory on account, $44,000. a. Declared a cash dividend, $22,000. b. Paid accounts payable, $87,200. c. Collected cash on accounts receivable, $71,200. d. Purchased equipment for cash, $68,600. e. Paid a cash dividend previously declared, $22,000. f. Borrowed cash on a short-term note with the bank, $48,000. g. Sold inventory costing $63,600 for $92,000, on account. h. Wrote off uncollectible accounts in the amount of $6,800 reducing the accounts receivable balance accordingly. i. Sold marketable securities costing $8,000 for cash, $5,800. j. Issued additional shares of common stock for cash, $184,000. k. Paid off all short-term notes due, $132,000. Required: 1. Compute the following amounts and ratios as of the beginning of the year