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Will upvote! thanks Answer each of the questions in the following unrelated situations: (a) The current ratio of a company is 6:1 and its acid-test

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Answer each of the questions in the following unrelated situations: (a) The current ratio of a company is 6:1 and its acid-test ratio is 1:1. If the inventories and prepaid items amount to $513,000, what is the amount of current liabilities? Current tiabilities (b) A company had an average imventory last year of $218,000 and its imventory turnover was 5 . If sales volume and unit cost remain the same this year as last and inventory turnover is 8 this year, what will average inventory have to be during the current year? Average inventory (c) A company has current assets of $88,000 (of which $43,000 is imventory and prepaid items) and current liabilities of $43,000. What is the current ratio? What is the acid-test ratio? If the company borrows $14,000 cash 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 pleces, es. 2.50 ) Current ratio 1 (c) A company has current assets of $88,000 (of which $43,000 is imventory and prepaid items) and current liabilities of $43,000. What is the current ratio? What is the acid-test ratio? If the company borrows $14,000 cash 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 ploces, eg. 2.50 .) Currentratio Acid-test ratio Newcurrentratio New acid-testratio (d) A company has current assets of $619,000 and current liabilities of $256,000. The board of directors declares a cash dividend of $185,000. 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, es.2.50) Current ratio after the declaration but before payment 11 Current ratio after the payment of the dividend 1

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