At December 31 2017 2016 2015 Assets Cash $ 28,269 $ 34,393 $ 35,489 Accounts receivable, net 82,769 60,778 46,841 Merchandise inventory 103,016 79,534 51,932 Prepaid expenses 9,382 9,028 4,103 Plant assets, net 265,485 237,751 223,735 Total assets $ 488,921 $ 421,484 $ 362,100 Liabilities and Equity Accounts payable $ 125,394 $ 71,231 $ 47,797 Long-term notes payable secured by mortgages on plant assets 89,160 94,033 79,224 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 111,867 93,720 72,579 Total liabilities and equity $ 488,921 $ 421,484 $ 362,100 1. Compute the current ratio for the year ended 2017, 2016, and 2015. 2. Compute the acid-test ratio for the year ended 2017, 2016, and 2015.

Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest.extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of

Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25

Which of the following is least likely to a team solve problems together