Question: . Please use the following information to compute the items outlined below. Balance Cash $25,000 Accounts Receivable $150,000 Inventory $100,000 Prepaid Expenses $50,000 Total Current
. Please use the following information to compute the items outlined below.
Balance Cash $25,000 Accounts Receivable $150,000
Inventory $100,000
Prepaid Expenses $50,000
Total Current Assets $325,000
Property Plant and Equipment $100,000
Land $100,000
Total Assets $525,000
Accounts Payable $30,000
Short Term Debt $100,000
Accrued Expenses $75,000
Total Current Liabilities $205,000
Long Term Debt $100,000
Capital Stock $20,000
Retained Earnings $200,000
Total Liabilities and Owners Equity $525,000
Please compute the working capital amount and the current ratio.
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