The following accounting information exists for Aspen and Willow companies. Aspen $ Willow $ Cash 17,000...

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The following accounting information exists for Aspen and Willow companies. Aspen $ Willow $ Cash 17,000 27,000 Wages payable 20,000 20,500 Merchandise inventory 20,530 53,600 Building 70,000 110,000 Accounts receivable 34,240 37,875 Long-term notes payable 80,000 140,000 Land 45,000 55,000 Accounts payable 42,000 51,500 Sales revenue 220,000 290,000 190,000 245,000 Expenses Required a-1. Determine the amount of current assets and current liabilities for each company. a-2. Compute the current ratio for each company. b. Assuming that all assets and liabilities are listed above, compute the debt-to-assets ratios for each company. c-1. Determine which company has the greater financial risk in the short term. c-2. Determine which company has the greater financial risk in the long term. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B Req C1 Req C2 Determine the amount of current assets and current liabilities for each company. Current Aspen Willow assets Current liabilities Req A1 Req A2 Req B Req C1 Req C2 Compute the current ratio for each company. (Round your answers to 2 decimal places.) Current Ratio Aspen Willow to 1 to 1 Req A1 Req A2 Req B Req C1 Req C2 Assuming that all assets and liabilities are listed above, compute the debt-to-assets ratios for each company. (Round your answers to 1 decimal place.) Debt to Assets Ratio Aspen Willow % % Req A1 Req A2 Req B Req C1 Req C2 Determine which company has the greater financial risk in the short term. Determine which company has the greater financial risk in the short term. Req A1 Req A2 Req B Req C1 Req C2 Determine which company has the greater financial risk in the long term. Determine which company has the greater financial risk in the long term. The following accounting information exists for Aspen and Willow companies. Aspen $ Willow $ Cash 17,000 27,000 Wages payable 20,000 20,500 Merchandise inventory 20,530 53,600 Building 70,000 110,000 Accounts receivable 34,240 37,875 Long-term notes payable 80,000 140,000 Land 45,000 55,000 Accounts payable 42,000 51,500 Sales revenue 220,000 290,000 190,000 245,000 Expenses Required a-1. Determine the amount of current assets and current liabilities for each company. a-2. Compute the current ratio for each company. b. Assuming that all assets and liabilities are listed above, compute the debt-to-assets ratios for each company. c-1. Determine which company has the greater financial risk in the short term. c-2. Determine which company has the greater financial risk in the long term. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B Req C1 Req C2 Determine the amount of current assets and current liabilities for each company. Current Aspen Willow assets Current liabilities Req A1 Req A2 Req B Req C1 Req C2 Compute the current ratio for each company. (Round your answers to 2 decimal places.) Current Ratio Aspen Willow to 1 to 1 Req A1 Req A2 Req B Req C1 Req C2 Assuming that all assets and liabilities are listed above, compute the debt-to-assets ratios for each company. (Round your answers to 1 decimal place.) Debt to Assets Ratio Aspen Willow % % Req A1 Req A2 Req B Req C1 Req C2 Determine which company has the greater financial risk in the short term. Determine which company has the greater financial risk in the short term. Req A1 Req A2 Req B Req C1 Req C2 Determine which company has the greater financial risk in the long term. Determine which company has the greater financial risk in the long term.