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Determine the current ratio and acid test ratio

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Reference no: EM132944774

The following data were taken from the balance sheet of Haydee Company:

Cash P 92 000

Prepaid Expense P 12 500

Marketable Securities 50 000

Accounts Receivable (net) 122 000

Merchandise Inventory 273 500

Accounts Payable 175 000

Accrued Liabilities 45 000

Problem 1: Determine the following. Show solutions.

a. Working Capital b. Current Ratio c. Acid Test Ratio

Problem 2: What conclusions can be drawn from these data as to the company's ability to meet its currently maturing debts?

Reference no: EM132944774

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