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Selected condensed data taken from a recent balance sheet of Ivanhoe Inc. are as follows. IVANHOE INC. Balance Sheet (partial) Cash Short-term investments Accounts receivable
Selected condensed data taken from a recent balance sheet of Ivanhoe Inc. are as follows. IVANHOE INC. Balance Sheet (partial) Cash Short-term investments Accounts receivable Inventory Prepaid assets Total current assets Total current liabilities $4.972,000 4,932,000 6,475,000 20,818,000 555,000 $37,752,000 $17,794,000 (a) Calculate the (1) current ratio and (2) acid-test ratio, (Round current ratio to 1 decimal place, es 527 and acid-test ratio to 2 decimal places... 5275) 1 Current ratio Acid-test ratio
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