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lube Maps News Translate Convert PDF to Wa 1 Homework Assume that the current ratio...

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Accounting

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lube Maps News Translate Convert PDF to Wa 1 Homework Assume that the current ratio for Arch Company is 3.5, its acid test ratio is 20, and its working capitals $110.000 following questions independently, always referring to the original information Required: a. How much does the firm have in current liabilities? (Do not round intermediate calculations.) bs. If the only current assets shown on the balance sheet for Arch Company are Cash, Accounts Receivable, and Mechanic Inventory, how much does the firm have in Merchandise Inventory? (Do not round Intermediate calculations! cf the firm collects an account receivable of $120,000, what will its new current ratio and working capital be? (Round "Ouren to decimal place) d. the fum pays an account payable of $59,000, what will its new current ratio and working capital be? (Do not round intermed calculations. Round "Current ratio" to 1 decimal place.) them sentory that was purchased for $50,000 at a cash price of $58,000, what will its new acid test ratio be? (De not Found intermediate calculations. Round your answer to 1 decimal place.) 3 of 10 Next >

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