The current ratio of a company is5:1 and its acid-test ratio is 1:1. If the inventories and prepaid items amount to $486,000, what is the amount of current liabilities?

Current Liabilities

$

(b)A company had an average inventory last year of $205,000and its inventory turnover was5. If sales volume and unit cost remain the same this year as last and inventory turnover is8this year, what will average inventory have to be during the current year?(Round answer to 0 decimal places, e.g. 125.)

Average Inventory

$

(c)A company has current assets of $84,000(of which $41,000is inventory and prepaid items) and current liabilities of $41,000. What is the current ratio? What is the acid-test ratio? If the company borrows $14,000cash from a bank on a 120-day loan, what will its current ratio be? What will the acid-test ratio be?(Round answers to 2 decimal places, e.g. 2.50.)

Current Ratio		:1
Acid Test Ratio		:1
New Current Ratio		:1
New Acid Test Ratio		:1

(d)A company has current assets of $624,000and current liabilities of $260,000. The board of directors declares a cash dividend of $184,000. What is the current ratio after the declaration but before payment? What is the current ratio after the payment of the dividend?(Round answers to 2 decimal places, e.g. 2.50.)

Current ratio after the declaration but before payment		:1
Current ratio after the payment of the dividend		:1