Amazing Company provides you with the following balance sheet information as of December 31, 2020:

Current assets	$11,500	Current liabilities	$12,000
Long-term assets	26,500	Long-term liabilities	14,000
Total assets	$38,000	Stockholders' equity	12,000
		Total liabilities and stockholders' equity	$38,000

In addition, Amazing reported net income for 2020 of $16,000, income tax expense of $3,200, and interest expense of $1,300.

a. Compute the current ratio and working capital for Amazing for 2020. Be sure to show your work to your colleagues.

b. Assume that at the end of 2020, Amazing used $3,000 cash to pay off $3,000 of accounts payable. How would the current ratio and working capital have changed? Grind out your numbers, and show your work to your colleagues.

c. Compute the debt to assets ratio and the times interest earned ratio for Amazing for 2020. Be sure to show your work.

d. Comment about the performance of Amazing, and express any concerns or hopes that you would have for the company going forward. Would you lend money to this company? Why or why not?