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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?
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