Grouper Company provides you with the following balance sheet information as of December 31, 2017.

Current assets $10,800 Current liabilities $12,950

Long-term assets 25,000 Long-term liabilities 9,900

Stockholders equity 12,950

Total assets $35,800 Total liabilities and stockholders equity $35,800

In addition,Gruoper reported net income for 2017 of $15,650,income tax expense of $3,200, and interest expense of $1,500.

A. Compute the current ratio and working capital from grouper for 2017. I answered this

Current ratio .8339:1 Working capital 2150

Assume that at the end of 2017, Grouper used $3200 cash to pay off $3200 of accounts payable. How would the current ratio and working capital have changed

Current ratio Working capital

C. Compute the debt to assets ratio and the times interest earned ratio for grouper for 2017

Debt to assets ratio Times interest earned ratio