Firm P has accounts receivable of $$61,000,$ cash of $$29,600,$ property, plant, and equipment of $$470,000,$ merchandise inventory of $$49,200,$ accounts payable of $$23,600,$ other accrued liabilities of $$9,000,$ common stock of $$400,000,$ and retained earnings of $$177,200.$

$0\mathrm{.}5$

points

Required:

Calculate Firm P$\text{'}$s working capital and current ratio.

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