The following data are taken from the balance sheet at the end of the current year. Determine the (a) working capital, (b) current ratio, and (c) quick ratio. Present figures used in your computations. Round ratios to the nearest tenth.
Definitions:
Architectural Firm
A business entity specializing in providing services related to the design, planning, and oversight of building construction or landscape projects.
Entrepreneurial Firms
Businesses that are in their initial stages, focusing on innovating and rapidly growing in their respective markets.
Management Challenges
Refers to various difficulties and obstacles managers face, including motivating employees, resolving conflicts, and making effective decisions.
Small Businesses
Enterprises characterized by a smaller number of employees and revenue, playing a crucial role in the economy and offering personalized services or products.
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