Question: answer both questions and the answer Question 6 What is the current ratio for a company with the following information: Account Amount Cash L $70,000

Question 6 What is the current ratio for a company with the following information: Account Amount Cash L $70,000 Accounts receivable $82,000 Inventory $115,000 Buildings $65,000 Accounts payable 571,000 Current portion of long-term debt $27,000 Long-term debt $140,000 A 3.39 ow Juve uns Tesponse. Question 7 Working capital is defined as: All assets available for sale after long term debt is paid off. B. The assets that the company keeps for more than one year. c. The current assets divided by current liabilities. D. The current assets remaining after paying current liabilities
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