Firm O has accounts receivable of $49,000, cash of $23,600, property, plant, and equipment of $410,000, merchandise inventory of $46,800, accounts payable of $23,000, other accrued liabilities of $8,400, common stock of $340,000, and retained earnings of $158,000. Required: Calculate Firm N's working capital and current ratio. Working Capital II Working Capital - II Current Ratio Il Current Ratio = Evans Inc. had current liabilities at April 30 of $70,400. The firm's current ratio at that date was 1.7. Required: a. Calculate the firm's current assets and working capital at April 30. b. Assume that management paid $14,000 of accounts payable on April 29. Calculate the current ratio and working capital at April 30 as if the April 29 payment had not been made. (Round "Current ratio" answer to 2 decimal places.) c. Identify the changes, if any, to working capital and the current ratio that would be caused by the April 29 payment. a. Current assets Working capital b. Current ratio Working capital Working capital Current ratio C