Study the following balance sheet to help you prepare for your upcoming interview for an entry-level analyst position at Galaxy Corporation. Cash Accounts receivable Inventory Total current assets Net plant and equipment Total assets Net Working Capital Galaxy Corporation Balance Sheet Current Ratio $787,500 $2,756,250 $4,331,250 $7,875,000 $7,125,000 $15,000,000 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total debt Common equity Retained earnings Total equity Total liabilities and equity $1,890,000 $1,181,250 $1,653,750 During your interview for an introductory-level analyst position at Galaxy Corporation, the interviewer asks you to complete the following table using the information provided in the preceding balance sheet. $4,725,000 $4,275,000 $9,000,000 $1,800,000 $4,200,000 $6,000,000 $15,000,000 Assume that Galaxy Corporation decides to acquire an additional $750,000 in inventories and pay using its accounts payable. Given the condition of the company noted in the balance sheet, this activity should be expected to cause Galaxy's current ratio to

Study the following balance sheet to help you prepare for your upcoming interview for an entry-level analyst position at Galaxy Corporation. During your interview for an introductory-ievel analyst postion at Galaxy Corporation, the interviewer asks you to cornplete the foliowing table using the information provided in the preceding balance sheet: Net Working Captai Current Rabo Assume that Galary Corporation decides to acquire an adstional \$750,000 in inventories and pay using its accounts payable. Given the condition of the company noted in the balance sheet, this sctivity should be expected to cavse calaxys current ratio to