139. For each of the following independent situations, solve for the unknown amount. Current ratio A 1.14 2.0 0.67 Quick ratio 0.2 B 1.0 0.60 Current liabilities 400 175 100 360 Current assets 150 200 C 240 Highly liquid assets 80 75 100 D 140. Use the following comparative balance sheet to compute ratios as requested. Buff Company COMPARATIVE BALANCE SHEET As of December 31, Year 1 and Year 2 Assets Current assets Cash $10,000 $ 5,000 Accounts receivable 6,000 4,000 Merchandise inventory Total Current assets $36,000 $24,000 Property, plant, and equipment Building Total Assets Liabilities and Shareholders' Equity Current liabilities Advance from customer $ 400 $ 500 Accounts payable 1,000 1,000 Rent payable 2,000 1,500 Utilities payable 200 200 Salaries payable Total Current liabilities $ 4,600 $ 4,000 Shareholders' Equity Common stock, 2,000 shares 5,000 5,000 Additional paid-in capital 40,000 40,000 Retained earnings Total Shareholders' equity Total Liabilities and shareholders' equity Compute the following ratios at year end for Year 2 for Buff Company:

139. For each of the following independent situations, solve for the unknown amount. Current ratio A 1.14 2.0 0.67 Quick ratio 0.2 B ...

139. For each of the following independent situations, solve for the unknown amount.

140. Use the following comparative balance sheet to compute ratios as requested.

Buff Company COMPARATIVE BALANCE SHEET As of December 31, Year 1 and Year 2
Assets
Current assets
Cash	$10,000	$ 5,000
Accounts receivable	6,000	4,000
Merchandise inventory
Total Current assets	$36,000	$24,000
Property, plant, and equipment
Building
Total Assets
Liabilities and Shareholders' Equity
Current liabilities
Advance from customer	$ 400	$ 500
Accounts payable	1,000	1,000
Rent payable	2,000	1,500
Utilities payable	200	200
Salaries payable
Total Current liabilities	$ 4,600	$ 4,000
Shareholders' Equity
Common stock, 2,000 shares	5,000	5,000
Additional paid-in capital	40,000	40,000
Retained earnings
Total Shareholders' equity
Total Liabilities and shareholders' equity

Compute the following ratios at year end for Year 2 for Buff Company:

May 15, 2022