10) Current ratio and working capital The balance sheet of Red Missile Company contained the following items, among others: Cash $180,000 $84,000 $124,000 Accounts Receivable Inventory Store Equipment (net) Other Assets $236,000 $67,500 $169,000 $163,000 Mortgage Payable (due in 3 years) Note Payable (due in 10 days) Accounts Payable Capital Stock Retained Earnings $96,000 $67,500 $197,000 From the above information compute: a) Current Assets $ Current Liabilities The Current Ratio to 1 Working Capital S b) Assume that Red Missile Company pays the note payable of $163,000, thus reducing cash to $17,000. Compute the following after the completion of this transaction: The Current Ratio to 1 $ Working Capital