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Working Capital and ShortTerm Liquidity Ratios Ritter Company has a current ratio of 3.00 on...

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Accounting

Working Capital and ShortTerm Liquidity Ratios Ritter Company has a current ratio of 3.00 on December 31. On that date the companys current assets are as follows: Cash $32,000 Short-term investments 49,300 Accounts receivable (net) 170,000 Inventory 200,000 Prepaid expenses 11,600 Current assets $462,900 Ritter Companys current liabilities at the beginning of the year were $150,000 and during the year its operating activities provided a cash flow of $60,000.

a. What are the firms current liabilities on December 31?

b. What is the firms working capital on December 31?

c. What is the quick ratio on December 31? Round answer to 2 decimal places.

d. What is the Ritters

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