BRAMBLELTD.

Statement of Financlal Position

December $31,2023$

The following errors were made by the Inexperlenced accountant on December $31,2022,$ and were not corrected.

The inventory was overstated by $$12,500.$

Aprepald expense of $$2,500$ was omitted. $($It was fully expensed in $2022.)$

Accrued revenue of $$2,700$ was omitted. $($It was recognized when cash was recelved in $2023.)$

Asupplier's Involce for $$1,700$ for purchases made in $2022$ was not recorded until $2023.$

On December $31,2023,$ there were further errors:

The imventory was understated by $$16,600.$

A prepald expense of $$700$ was omitted.

Accrued December $2023$ salarles of $$1,600$ were not recognized.

Unearned income of $$2,200$ was recorded in the $2023$ revenue.

In additlon, it was determined that $$21,900$ of the accounts payable were long$-$term, and that a $$500$ dlvidend was

reported as dividend expense and deducted in calculating net Income.

The net Income reported on the books for $2023$ was $$56,000.$

$($a$)$

Calculate the working capital, current ratio, and debt to equlty ratlo for Bramble based on the original SFP informatlon provided

above. $($Round Current ratio and Debt$-$to$-$equity ratio to $2$ decimal places, eg$.52\mathrm{.}75.)$

Workling capital