Working Capital and Current Ratio The balance sheet of Kapinski Inc. includes the following items: Cash $23,000

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Working Capital and Current Ratio The balance sheet of Kapinski Inc. includes the following items:

Cash $23,000 Accounts receivable 43,000 Inventory 75,000 Prepaid insurance 2,800 Land 80,000 Accounts payable $ 84,900 Salaries payable 3,200 Capital stock 100,000 Retained earnings 35,700 Required 1. Determine the current ratio and working capital.
2. Kapinski appears to have a positive current ratio and a large net working capital.
Why would it have trouble paying bills as they come due?
3. Suggest three things that Kapinski can do to help pay its bills on time.AppendixLO1

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