Grouper Company provides you with the following balance sheet information as of December 31, 2025. Current...

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Grouper Company provides you with the following balance sheet information as of December 31, 2025. Current assets $11,500 Current liabilities $12,000 Long-term assets 26,500 Long-term liabilities 14,000 Total assets $38,000 Stockholders' equity 12,000 Total liabilities and stockholders' equity $38,000 In addition, Grouper reported net income for 2025 of $16,000, income tax expense of $3,200, and interest expense of $1,300. (a) Compute the current ratio and working capital for Grouper for 2025. (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Current ratio Working capital $ :1 Grouper Company provides you with the following balance sheet information as of December 31, 2025. Current assets $11,500 Current liabilities $12,000 Long-term assets 26,500 Long-term liabilities 14,000 Total assets $38,000 Stockholders' equity 12,000 Total liabilities and stockholders' equity $38,000 In addition, Grouper reported net income for 2025 of $16,000, income tax expense of $3,200, and interest expense of $1,300. (a) Compute the current ratio and working capital for Grouper for 2025. (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Current ratio Working capital $ :1

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