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Current Attempt in Progress Selected financial information is available at July 31 for Cullumber Co. 2021 2020 Cash and accounts receivable $21,330 $22,355 Current

Current Attempt in Progress Selected financial information is available at July 31 for Cullumber Co. 2021 2020 Cash and accounts receivable $21,330 $22,355 Current assets 36,450 36,031 Current liabilities 27,000 26,300 (a) Calculate (1) working capital, (2) the current ratio, and (3) the acid-test ratio for 2020 and 2021. (Round current ratio and acid-test ratio answers to 2 decimal places, e.g. 1.75:1)

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