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.

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Definitions:

Genetic Makeup

The specific genetic material an individual inherits from their parents, comprising all of their genes and alleles.

Lifetime Prevalence

The proportion of a population that at some point in their life (up to the time of assessment) will experience a specific disorder.

Episodic

Pertaining to events or experiences that are divided into separate, distinct episodes, often used in the context of storytelling or memory.

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.