Selected condensed data taken from a recent balance sheet

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Selected condensed data taken from a recent balance sheet of Perkins Inc. are as follows.

PERKINS INC.

Balance Sheet (partial)

Cash

$ 8,041,000

Short-term investments

4,947,000

Accounts receivable

12,545,000

Inventories

14,814,000

Other current assets

5,571,000

Total current assets

$45,918,000

Total current liabilities

$40,644,000

What are the

(a) working capital,

(b) current ratio, and

(c) acid-test ratio?

Reference no: EM13571385

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