Cash 25,000
Accounts Payable 14,000
Accounts receivable 27,000
Notes Payable Due within one year 24,000
Merchandise Inventory 24,000
Land 40,000
Notes Payable beyond one year 120,000
Equipment 33,000
Buildings 80,000
Accumulated Depreciation: Buildings & Equipment 12,000
What is the current ratio?
I say 2 to1
What is the working capital of the company?
I say $59,000
