Cash Accounts Receivable Inventory Prepaid Insurance Long-tem Assets Accounts Payable Notes Payable due in 10 months Wages Payable Long-term Liabilities Stockholders' (Owner's) Equity $ 10,000 30,000 80,000 6,000 200,000 30,000 25,000 5,000 70,000 196,000 7. The company's working capital is : a) $60,000 b) $66,000 c) $196,000 ANSWER 8. The company's current ratio is a) 1:1 b) 2:1 C) 2.1.1 ANSWER 9. The company's quick ratio is a) 7:1 b) 1.1 C) 2