The following amounts were reported on the December 31.2016, balance sheet:

Cash........................................................................................ $16.000

Accounts receivable.................................................................. 44.000

Common stock.......................................................................... 80.000

Wages payable.......................................................................... 10.000

Retained earnings.................................................................... 160.000

Land......................................................................................... 40,000

Accounts payable..................................................................... 30.000

Bonds payable........................................................................ 240.000

Merchandise inventory............................................................. 60.000

Buildings and equipment, net of accumulated deprecation... 360.000

Required:

a. Calculate working capital at December 31. 2016.

b. Calculate the current ratio at December 31.2016.

c. Calculate the acid-test ratio at December 31.2016.