Based on the following information, compute the (1) current ratio and (2) working capital. (Round current ratio to 1 decimal place, e.g. 52.5.) Current assets   $144,320 Total assets   738,000 Current liabilities   65,600 Total liabilities   410,000   (1)   Current ratio   enter ratio rounded to 1 decimal place : 1 (2)   Working capital   $enter a dollar amount

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 13PA: Using the following Balance Sheet summary information, for the two years presented calculate: A....
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Based on the following information, compute the (1) current ratio and (2) working capital(Round current ratio to 1 decimal place, e.g. 52.5.)

Current assets  
$144,320
Total assets  
738,000
Current liabilities  
65,600
Total liabilities  
410,000

 

(1)
 
Current ratio
 
enter ratio rounded to 1 decimal place : 1
(2)
 
Working capital
 
$enter a dollar amount 
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