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1. Joe Follows is attempting to categorke several items from hls company's finandal statements so he can determine His working capithl. Joe notices the following
1. Joe Follows is attempting to categorke several items from hls company's finandal statements so he can determine His working capithl. Joe notices the following categories of eceounts and amounts: cash, 53,500; accounts payable, 510,200 ; accounts recelvable, 515,000 ; vales tares due city of Phoenif, 5750; miles taxes due the Arizona Department of Revenue, 53,450; tuventory, S17,500; wages pryable, S5,350; taxes payable (federal), \$2,570; moncy market fund, 512,300; and computer, \$3,400. a Lut those accounts that would be clasulfied ss current assets and as carrent linbilities b. Determine the amount of gress working capital. c. Determine the amount of net worling capltal. d. What Is Joe's curreat ratlo
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