Selected condensed data taken from a recent balance sheet of Perkins Inc. are as follows.
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PERKINS INC.
Balance Sheet (partial)
|
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Cash
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$ 8,041,000
|
|
Short-term investments
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4,947,000
|
|
Accounts receivable
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12,545,000
|
|
Inventories
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14,814,000
|
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Other current assets
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5,571,000
|
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Total current assets
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$45,918,000
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Total current liabilities
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$40,644,000
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What are the
(a) working capital,
(b) current ratio, and
(c) acid-test ratio?