2. Use the following balance sheet and simplified
income statement in answering parts (a) – (c) below: BALANCE SHEET
Cash $75,000 Accounts receivables100,000 Inventory95,000 Fixed
assets$500,000 Total assets$770,000 Account payable$135,000 Other
current liabilities50,000 Long-term debt150,000 Stockholders’
equity (75,000 shares)$435,000 Total liability and equity$770,000
INCOME STATEMENT Sales$1,250,000 Less: Cost of goods
sold635,000 Less: All expenses (incl. taxes)370,000 Net
Income$245,000 a.) Based on the financial information
above, conduct a liquidity analysis for this firm by determining
the current ratio, net working capital, the ratio of current...