The following information is taken from the balance sheet of Raineer Plumbing: cash and cash equivalents, $40,000; accounts receivable, $120,000; inventories, 2; total current assets, $235.000; property, plant, and equip ment (net). : total assets, $400,000; accounts payable, $32,000; note payable (due in two years), 850,000; common stock: $100,000); and retained carnings, 2. Determine the missing amounts. For each of the following note disclosures, indicate whether the disclosure would likely appear in (A) the sum- mary of significant accounts policies or (B) a separate note: (1) depreciation method: (2) contingency informa- tion: (3) significant issuance of common stock after the fiscal year-end: (4) cash equivalent designation; (5) long-term debt information; and (6) inventory costing method Refer to the trial balance information in BE 3-5. Calculate the (a) current ratio. (b) acid-test ratio, and (e) debt to equity ratio At the end of 2016, Barker Corporation's preliminary trial balance indicated a current ratio of 1.2. Management is contemplating paying some of its accounts payable balance before the end of the fiscal year. Explain the effect this transaction would have on the current ratio. Would your answer be the same if the preliminary trial balance indicated a current ratio of 0.8? The current asset section of Stibbe Pharmaceutical Company's balance sheet included cash of $20.000 and accounts receivable of $40,000. The only other current asset is inventories. The company's current ratio is 2.0 and its acid-test ratio is 1.5. Determine the ending balance in inventories and total current liabilities