The current year-end balance sheet data for a company are shown below.Calculate the company's:
(a)working capital
(b)current ratio
(c)acid-test ratio. 
Definitions:
Cost Control
The practice of identifying and reducing business expenses to increase profits, involving the analysis and management of cost elements.
Standard Costs
The planned cost of manufacturing a product, which includes material, labor, and overhead costs, used for budgeting and performance evaluation.
Accounting System
A structured process used to record, track, and manage financial transactions and the financial position of an entity.
Standards
Preset criteria or benchmarks used to measure, compare, or judge quality, performance, or compliance.
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