(b) Based on the results in (a), the CFO requested that $21,300 of cash be used to pay off the balance of the accounts payable account on December 31, 2017. Calculate the new current ratio and working capital after the company takes these actions. (Round Current Ratio to 1 decimal place, e.g. 0.7:1.) Current ratio Working capital$ By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Version 4.24.4.5 & SonsIns. All Rights Reserved. A Division of (b) Based on the results in (a), the CFO requested that $21,300 of cash be used to pay off the balance of the accounts payable account on December 31, 2017. Calculate the new current ratio and working capital after the company takes these actions. (Round Current Ratio to 1 decimal place, e.g. 0.7:1.) Current ratio Working capital$ By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Version 4.24.4.5 & SonsIns. All Rights Reserved. A Division of