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

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

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 13EB: Using the following account balances, calculate for the two years presented: A. working capital B....

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Question

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

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