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What are working capital current ratio and acid-test ratio

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?

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Finance Basics: What are working capital current ratio and acid-test ratio

Reference No:- TGS0680692

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Solution Preview :

Prepared by a verified Expert

Finance Basics: What are working capital current ratio and acid-test ratio

Reference No:- TGS0680692

Recent Questions Asked Finance Basics

Q : What are the major uses of cash

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