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The answers are wrong obviously The current asset section of Guardian Consultant's balance sheet consists of cash, accounts receivable, and prepaid expenses. The 2021 balance

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The answers are wrong obviously

The current asset section of Guardian Consultant's balance sheet consists of cash, accounts receivable, and prepaid expenses. The 2021 balance sheet reported the following: cash, $1,450,000; prepaid expenses, $510,000; long-term assets, $3,900,000; and shareholders' equity, $4,000,000. The current ratio at the end of the year was 2.0 and the debt to equity ratio was 1.4. Required: Determine the following 2021 amounts and ratios: (Round your "The acid-test ratio" answer to 1 decimal place.) HINT: The first step is to use the debt/equity ratio to find Total Liabilities. Once you know Total Liabilities, use A=L+SE to find the other amounts

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