Problem 2 - 10 Points
Given the information below, calculate the Working Capital and Current Ratio
1	Cash and marketable securities -	$3,100,000
2	Accounts Receivable (Gross) -	$2,000,000
	Allowance for doubtful accounts	$60,000
3	Accounts Payable -	$2,800,000
4	Accumulated Depreciation	2,500,000
6	Inventory -	$3,500,000
7	Other Current Assets -	$1,000,000
8	Common Stock at Par Value -	$100,000
9	Current portion of long term notes -	$1,000,000
10	Other Current Liabilities -	$1,950,000
11	Goodwill -	$10,000,000
12	Long-Term debt -	$10,000,000
	Answers go in the yellow boxes
Working Capital
Current Ratio