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$200,000

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$200,000

Total assets900,000

Current liabilities80,000

Total liabilities500,000

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