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(Analysis of assets) You have inherited money from your grandparents, and a friend suggests that you consider buying shares in Galena Ski Products. which manufactures

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(Analysis of assets) You have inherited money from your grandparents, and a friend suggests that you consider buying shares in Galena Ski Products. which manufactures skis and bindings Because you may need to sell the shares within the next two years to finance your university education, you start your analysis of the company data by calculating (1) working capital (2) the current ratio, and (3) the quick ratio. Galena's statement of financial position is as follows: Current assets Cash $157,500 Inventory 188,500 Prepaid expenses 23.000 Non-current assets Land 53,600 Building and equipment 141,700 Other 16,500 Total S580.800 Current liabilities $158.200 Long-term debt 182,500 Share capital 72.100 Retained earnings 168,000 Total $580.800 (a1) What amount of working capital is currently maintained? $ Working capital eTextbook and Media Save for Eater

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