1--

A company with working capital of $300,000 and a current ratio of 2.5:1 pays a $50,000 short-term liability. The amount of working capital immediately after payment is

2--

Assume an organization has total current assets of $200,000, total current liabilities of $75,000, inventories of $50,000, prepaid expenses of $25,000, net sales of $770,000, and beginning accounts receivable of $42,000 and ending accounts receivable of $44,000. What is the current ratio for this organization?