[Solved] Extracts from the balance sheet of Detroit,Inc.are as follows: \(2019\) Assets Current Assets: \(\begin{array}{ll} \text { Cash and Cash Equivalents } & \$ 30,000 \\ \text { Accounts Receivable, Net } & 65,000 \\ \text { Merchandise Inventory } & \underline{50,000} \\ \text { Total Current Assets } & \underline{145,000} \\ \text { Long-term Investments } & 150,000 \\ \text { Property, Plant, and Equipment, Net } & \underline{250,000} \\ \text { Total Assets } & \underline{\$ 545,000} \\ \text { Total Current Liabilities } & \underline{\$ 150,000} \end{array}\) Compute the acid-test ratio. Chain Reaction: A sequence of reactions where a reactive product or by-product causes additional reactions to take place, often leading to a self-sustaining series. Innovation Lagged: The delay or slow pace in the development and adoption of new technologies, products, or processes. Centrally Planned Economies: Economies in which the government makes all decisions about the production and distribution of goods and services. Production Targets: Objectives set by a company to manufacture and produce a certain amount of goods within a specific timeframe.