The current asset section of Guardian Consultant's balance sheet consists of cash, accounts receivable, and prepaid expenses. The 2018 balance sheet reported the following: cash, $1,300,000; prepaid expenses, $360,000; long-term assets, $2,400,000; and shareholders' equity, $2,500,000. 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 2018 amounts and ratios:

1. Current liabilities

2. Long-term liabilities

3. Accounts receivable

4. The acid-test ratio