At december 31 2017 2016 2015 assets cash $ 31,800 $ 35,625 $ 37,800 accounts receivable, net 89,500 62,500 50,200 merchandise inventory 112,500 82,500 54,000 prepaid expenses 10,700 9,375 5,000 plant assets, net 278,500 255,000 230,500 total assets $ 523,000 $ 445,000 $ 377,500 liabilities and equity accounts payable $ 129,900 $ 75,250 $ 51,250 long-term notes payable secured by mortgages on plant assets 98,500 101,500 83,500 common stock, $10 par value 163,500 163,500 163,500 retained earnings 131,100 104,750 79,250 total liabilities and equity $ 523,000 $ 445,000 $ 377,500 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.

Let's consider a hypothetical airline, mudlarks airlines. on one of its flights, precious records show that about 15% of people who had tickets for the flights did not take the flight. there are 120 seats on the plane. 1. how many tickets should mudlarks airlines sell for this flight? 2. as an added consideration, suppose that tickets on this flight cost a flat rate of $250. in addition, mudlarks airlines must give any traveler who purchased a seat for the flight, but who cannot travel due to overbooking, a $400 certificate for their trouble. does this change your answer in question one? now, suppose that mudlarks airlines forms a partnership itch another airline, puffin air. their agreement allocates 100 seats on the flight to mudlarks airlines and another 20 seats to puffin air. the 2 airlines sell tickets for the flight independently of each other. 3. assuming the same 15% no show percent for each airline, how many tickets should each sell?