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Using the following data from a partial balance sheet that Tom has provided to you, being sure to show all calculations and clearly labeling your

  1. Using the following data from a partial balance sheet that Tom has provided to you, being sure to show all calculations and clearly labeling your answers:
    • Calculate working capital
    • Calculate current ratio
    • Calculate quick ratio

Cash

$8,041

Short-term investments

4,947

Accounts receivable

12,545

Inventories

14,814

Other current assets

5,471

Total current assets

$45,918

Total current liabilities

$40,644

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