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Current Attempt in Progress Selected financial information is available at July 31 for Wildhorse Co. 2021 2020 Cash and accounts receivable $20,240 $23,625 Current
Current Attempt in Progress Selected financial information is available at July 31 for Wildhorse Co. 2021 2020 Cash and accounts receivable $20,240 $23,625 Current assets 30,800 33,750 Current liabilities 22,000 22,500 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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