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Erastic Corporation has $21,000 in cash, $11,500 in marketable securities, $44,500 in account receivable, $54,000 in InventorMcRae Corporations total current assets are $424,000, its noncurrent assets are $533,000, its total current liabilities areCalin Corporation has total current assets of $637,000, total current liabilities of $247,000, total stockholders equity of

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Answer #1

1.) Acid test ratio :

Acid test ratio = Current Assets(except inventory)/Current Liabilities

= cash + marketable securities + accounts receivables / Current Liabilities

= 21000 + 11500 + 44500 / 49000

= 1.57

2.) Working Capital :

Working Capital = Current Assets - Current Liabilities

= $ 424,000 - $ 362,000

= $ 62,000

3.) Working Capital :

Working Capital = Current Assets - Current Liabilities

= $ 637,000 - $ 247,000

= $ 390,000

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