Refer to the Uptown Sporting Goods Company data in Short Exercise 3-17.

In Short Exercise 3-17. Uptown Sporting Goods reported the following data at July 31, 2014, with amounts adapted in thousands:

At July 31, 2014, Uptown Sporting Goods Company’s current ratio was 1.72 and its debt ratio was 0.46. Compute Uptown’s (a) net working capital, (b) current ratio, and (c) debt ratio after each of the following transactions (all amounts in thousands, as in the Uptown financial statements):
1. Uptown earned revenue of $10,000 on account.
2. Uptown paid of accounts payable of $10,000.
When calculating the revised ratios, treat each of the above scenarios independently. Round ratios to two decimalplaces.

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A1 Uptown Sporting Goods Company Income Statement Year ended July 31, 2014 (Amounts in thousands) Net revenues Cost of goods sold $180,500 136,000 5 Ail other expenses 29,600 Net income A1 Uptown Sporting Goods Company Statement of Retained Earnings Year ended July 31, 2014 (Amounts in thousands) $36,500 14,900 51400 3 Retained earnings, July 31,2013 Add: Net income S Retained earnings, July 31, 2014 A1 Uptown Sporting Goods Company Balance Sheet July 31, 2014 (Amounts in thousands) Assets Current: 26,700 28,000 35,000 5,000 94,700 19,800 22,000 Cash Accounts receivable Other current assets 10 Property and equipment, net 7 Inventories Total current assets Other assets 2 Total assets 13 Liablilitles 15 Long-term liabilities 1 Stockholders' Equity 19 Retained earnings 2 Total liabilities and stockholders equity Total current lablities Total liabilities Common stock Total stockholders' equity $ S5,100 7500 62,600 22,500