Blossom Company reports the following account balances at December 31, 2025: Accounts payable Accounts receivable Cash...

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Blossom Company reports the following account balances at December 31, 2025: Accounts payable Accounts receivable Cash Intangible assets Inventory Long-term investments Long-term liabilities Short-term investments Notes payable (short-term) Property, plant, and equipment Prepaid insurance Salaries and wages payable Land held for future use (a) $5,000 5,000 Working capital 6,000 20,000 35,000 Compute the company's (a) working capital and (b) current ratio. (Round current ratio to 2 decimal places, e.g. 1.55:1.) 20,000 105,000 3,000 13,000 220,000 1,000 2,000 60,000 Long-term investments Long-term liabilities Short-term investments Notes payable (short-term) Property, plant, and equipment Prepaid insurance Salaries and wages payable Land held for future use (a) (b) Working capital $ 20,000 105,000 Compute the company's (a) working capital and (b) current ratio. (Round current ratio to 2 decimal places, e.g. 1.55:1.) Current ratio 3,000 13,000 220,000 1,000 2,000 60,000 :1 Blossom Company reports the following account balances at December 31, 2025: Accounts payable Accounts receivable Cash Intangible assets Inventory Long-term investments Long-term liabilities Short-term investments Notes payable (short-term) Property, plant, and equipment Prepaid insurance Salaries and wages payable Land held for future use (a) $5,000 5,000 Working capital 6,000 20,000 35,000 Compute the company's (a) working capital and (b) current ratio. (Round current ratio to 2 decimal places, e.g. 1.55:1.) 20,000 105,000 3,000 13,000 220,000 1,000 2,000 60,000 Long-term investments Long-term liabilities Short-term investments Notes payable (short-term) Property, plant, and equipment Prepaid insurance Salaries and wages payable Land held for future use (a) (b) Working capital $ 20,000 105,000 Compute the company's (a) working capital and (b) current ratio. (Round current ratio to 2 decimal places, e.g. 1.55:1.) Current ratio 3,000 13,000 220,000 1,000 2,000 60,000 :1