The Following Data Are Taken from the Balance Sheet at the End

question 15

Essay

The following data are taken from the balance sheet at the end of the current year.
$\begin{array}{lr}\text { Cash } & \$ 154,000 \\\text { Accounts receivable } & 210,000 \\\text { Inventory } & 240,000 \\\text { Prepaid expenses } & 15,000 \\\text { Temporary investments } & 350,000 \\\text { Property, plant, and equipment } & 375,000 \\\text { Accounts payable } & 245,000 \\\text { Accrued liablities } & 4,000 \\\text { Income tax payable } & 10,000 \\\text { Notes payable, short-term } & 85,000\end{array}$
Determine the a working capital,b current ratio,and c quick ratio.Round ratios to the nearest tenth.

---

Definitions:

Privacy

The state or condition of being free from unauthorized intrusion or disclosure of personal information.

Indirect Communication

A way of conveying a message in a non-direct manner, often through implication or suggestion.

Ethical Messages

Communications that adhere to moral principles and professional standards, ensuring honesty and integrity.

Other Cultures

Refers to the customs, beliefs, arts, institutions, and all other products of human work and thought characteristic of a community or population different from one's own.