St od 11 Homework Assume that the current ratio for Arch Company is 35. its acid test ratio is 20, and its working capital is $20,000. Anwech following questions independently, always referring to the original information Required: How much does the firm have in current liabilities? (Do not round intermediate calculations.) b. If the only current assets shown on the balance sheet for Arch Company are Cash, Accounts Receivable and Merchandise Inventory, how much does the firm have in Merchandise Inventory? (Do not round intermediate calculations.) c. If the form collects an account receivable of $120,000, what will its new current ratio and working capital be? (Round "Current to decimal place) . the form pays an account payable of $59.000, what will its new current ratio and working capital be? (Do not round intermediate calculations. Round "Current ratio" to 1 decimal place.) the formes inventory that was purchased for $50,000 at a cash price of $58,000, what will its new acid-test ratio be? (Do not round intermediate calculations. Round your answer to 1 decimal place.) 310 000 622 51F AO 0