Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall

Exercise 15

Calculate working capital and current ratio Firm O has accounts receivable of $46,400; cash of $34,200; property, plant, and equipment of $510,000; merchandise inventory of $29,600; accounts payable of $41,300; other accrued liabilities of $16,700; common stock of $450,000; and retained earnings of $112,000.
Required:
Calculate Firm N's working capital and current ratio.