BACK ND Practice Do It! Review 02 Monty Company provides you with the following balance sheet information as of December 31, 2020. Current assets $10,850 Current abilities $13,350 Long-term assets 25,050 Long-term liabilities 9.200 Stockholders' equity 13,350 Total assets $35,900 Total liabilities and stockholders' equity $35,900 In addition, Monty reported net income for 2020 of $15,750, income tax expense of $3,200, and interest expense of $1,300. (Round ratios to 2 decimal places, s. 2.751. Enter alive amounts using either a negative sin preceding the number .. 45 or parentheses (45).) (a) Compute the current ratio and working capital for Monty for 2020. Current ratio 1 Working capital Assume that at the end of 2020, Monty used $2,800 cash to pay off $2.800 of accounts payable. How would the current ratio and working captal have changed? Current ratio Working capital (c) Compute the debt to assets ratio and the times interest earned ratio for Monty for 2020. BACA Total assets $35,000 Total liabilities and stockholders' equity $35.900 In addition, Monty reported net income for 2020 of $15.750, income tax expense of $3,200, and interest expense of $1,300. (Round ratios to decimal places, ... 2.75.1. Enter negative amounts using either a negative sign preceding the number or parenthesesc.g. (45).) (a) Compute the current ratio and working capital for Monty for 2020. Current ratio Working capital (b) Assume that at the end of 2020, Monty used $2,800 cash to pay off $2,800 of accounts payable. How would the current ratio and working capital have changed? Current ratio Working capital (c) Compute the debt to assets ratio and the times interest eamed ratio for Monty for 2020. Debt to assets ratio :1 Times interest earned ratio