On October 31, 2012, Henderson Companys total current assets were $65,000 and its total current liabilities were

Question:

On October 31, 2012, Henderson Company’s total current assets were $65,000 and its total current liabilities were $20,000. On November 1, 2012, Henderson purchased marketable securities for $10,000 cash.
Required
a. Compute Henderson’s working capital before and after the securities purchase.
b. Compute Henderson’s current ratio before and after the securities purchase.

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