Financial Statements

Instructions:Read the problemn and complete all the questions included below.Submit your answers on a Word (.doc) or Excel (.xls) document. Handwritten submittals will not be accepted.Check the RubricAs a consultant for Acme Engineering you have been able to establish the following parameters from their Financial Statements:ItemAmountCash$200,000Securities$90,000Accounts Receivable$300,000Inventories$400,000Prepaid Expenses$16,000Accounts Payable$630,000Other Liabilities$180,000Calculate the following parameters:Total AssetsTotal LiabilitiesWorking CapitalCurrent RatioAcid Test Ratio