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:
Youth Court
A specialized court designed to handle cases involving minors, focusing on rehabilitation rather than punishment.
Superior Court
A type of state or provincial court in some jurisdictions that has general jurisdiction over civil and criminal cases.
Criminal Matters
Legal issues that involve violations of criminal law, which governs offenses against the state or public order.
Civil Matters
Legal issues and disputes that involve private rights and relationships between individuals or organizations, rather than criminal offenses.
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