Solution-Selected condensed data taken from a recent

Selected condensed data taken from a recent balance sheet

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Reference no: EM13575850

Selected condensed data taken from a recent balance sheet of Kutenai Luau, Inc., are as follows:

KUTENAI LUAU, INC. Balance Sheet (partial)
Cash	$ 8,041,000
Short-term investments	1,947,000
Accounts receivable	12,545,000
Inventories	14,814,000
Other current assets	5,571,000
Total current assets	$42,918,000
Total current liabilities	$40,644,000

What are the (a) working capital, (b) current ratio, and (c) acid-test ratio?

Reference no: EM13575850

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Selected condensed data taken from a recent balance sheet

Reference no: EM13575850

Reference no: EM13575850

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