$2$

Firm P has accounts receivable of $$71,000,$ cash of $$34,600,$ property, plant, and equipment of $$520,000,$ merchandise inventory of $$51,200,$ accounts payable of $$24,100,$ other accrued lisilities of $$9,500,$ common stock of $$450,000,$ and retained eamings of $$193\mathrm{.}200$

Required:

Calculate firm P$\text{'}$s working capital and current ratio.

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Reterecres