Question: Current Attempt in Progress Selected financial information is available at July 31 for Wildhorse Co. 2021 2020 Cash and accounts receivable $20,240 $23,625 Current

Current Attempt in Progress Selected financial information is available at July 31

Current Attempt in Progress Selected financial information is available at July 31 for Wildhorse Co. 2021 2020 Cash and accounts receivable $20,240 $23,625 Current assets 30,800 33,750 Current liabilities 22,000 22,500 Calculate (1) working capital, (2) the current ratio, and (3) the acid-test ratio for 2020 and 2021. (Round current ratio and acid-test ratio answers to 2 decimal places, e.g. 1.75:1)

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