(Answered) C a company has current assets of 95000 of which 38000 is

Accounting

(c) A company has current assets of $95,000 (of which $38,000 is inventory and prepaid items) and current liabilities of $38,000. What is the current ratio? What is the acid-test ratio? If the company borrows $13,000 cash from a bank on a 120-day loan, what will its current ratio be?

What will the acid-test ratio be? (Round answers to 2 decimal places, e.g. 2.50.)

Current Ratio
Acid Test Ratio
New Current Ratio
New Acid Test Ratio

(d) A company has current assets of $604,000 and current liabilities of $218,000. The board of directors declares a cash dividend of $183,000. What is the current ratio after the declaration but before payment? What is the current ratio after the payment of the dividend? (Round answers to 2 decimal places, e.g. 2.50.)

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