(Solution) - For Evergreen Environmental Engineering EEE determine the wor -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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For Evergreen Environmental Engineering (EEE), determine the working capital, current ratio, and acidtest ratio. Evaluate the company's economic situation with respect to its ability to payoff debt. EEE Balance Sheet Data (thousands)
Cash $110,000
Securities 40,000
Accounts receivable 160,000
Retailers' inventories 250,000
Prepaid expenses 3,000
Accounts payable 351,000
Accumulated liabilities 89,000