How do I find the ratios, working capital and current ratio ?

This is the only information I was given

General Information

a. On April 1, 2013 a 24-month insurance policy was purchased for $24,000.

b. On January 1, 2013 Hullie & Oates paid Gretsky Advertising $48,000 for three years of advertising services. Equal services are provided each year.

c. Hullie & Oates needed some additional storage space so on November 1, 2013 they rented a unit for an annual rate of $18,500. The entire amount was expensed when paid.

d. $5,800 of store supplies were purchased during the year and the asset store supplies was increased. $3,200 of these supplies were used during the year.

e. $7,775 of office supplies were purchased during the year and were immediately expensed. $1,250 of these supplies remained at the end of 2013.

f. On July 1, 2013, Hullie & Oates issued a 9-month note receivable to Shanahan Co. at an annual interest rate of 6%. Principle and interest will be paid at the end of the 9-months. The note was recorded in Notes Receivable and is the only note outstanding.

g. Depreciation for the year is based on the following:

- Straight line depreciation

- Store equipment Assets were held for the entire year; Residual Value = $10,000; Service life is estimated to be 10 years.

- Office equipment Assets were held for the entire year; Residual Value = $7,000; Service life is estimated to be 3 years.

h. Sales salaries of $8,400 and office salaries of $6,500 remained unpaid at 12/31/13.

i. On October 1, 2013, Hullie & Oates rented a portion of one store to Twist & Chase Co. The contract was for 6 months and Hullie & Oates required the 6 months of cash upfront on October 1^st. The rent is being earned equally over the next 6 months. When cash was received, unearned rent was appropriately recorded.

j. The note payable was outstanding the entire year and a 6.5% interest rate exists on the note. No interest has been recorded for the year.

k. Based on past experience, Hullie & Oates calculates bad debt expense at 1% of net sales for the year.

worksheet:

Hullie & Oates Company

End of Period Worksheet

For the Year Ended December 31, 2013

Unadjusted

Adjusted

Account Title

Trial Balance

Adjustments

Trial Balance

DR

CR

DR

CR

DR

CR

Cash

36,000

-

36,000

Accounts Receivable

72,850

-

72,850

Allowance for Doubtful Accounts

4,000

7,673

11,673

Interest Receivable

-

1,200

1,200

Merchandise Inventory

160,500

-

160,500

Prepaid Insurance

24,000

-

9,000

15,000

Prepaid Advertising

48,000

16,000

32,000

Prepaid Rent

-

15,417

15,417

Store Supplies

5,800

-

3,200

2,600

Office Supplies

-

-

1,250

1,250

Note Receivable

30,000

30,000

Store Equipment

350,000

-

350,000

Accumulated Depreciation - Store Equipment

-

40,050

34,000

740,50

Office Equipment

125,000

-

125,000

Accumulated Depreciation - Office Equipment

-

17,200

39,333

56,533

Accounts Payable

-

85,200

85,200

Salaries Payable

-

-

149,000

14,900

Interest Payable

-

-

9,490

9,490

Unearned Rent

-

40,000

20,000

20,000

Note Payable (final payment due 2017)

-

146,000

146,000

Common Stock

-

60,000

60,000

Retained Earnings

-

333,825

333,825

Dividends

25,000

-

25,000

Sales

-

788,350

788,350

Sales Returns and Allowances

12,800

-

12,800

Sales Discounts

8,300

-

8,300

Cost of Goods Sold

457,200

-

457,200

Sales Salaries Expense

94,650

-

8,400

103,050

Advertising Expense

-

16,000

16,000

Depreciation Expense - Store Equipment

-

-

34,000

34,000

Store Supplies Expense

-

-

3,200

3,200

Miscellaneous Selling Expense

2,600

-

2,600

Office Salaries Expense

34,000

-

6,500

40,500

Rent Expense

18,500

-

15,417

3,083

Insurance Expense

-

-

9,000

9,000

Depreciation Expense - Office Equipment

-

-

39,333

39,333.33

Office Supplies Expense

7,775

-

1,250

6,525

Miscellaneous Administrative Expense

1,650

-

1,650

Rent Revenue

-

-

20,000

20,000

Interest Revenue

12,000

1,200

Interest Expense

-

-

9,490

9,490

Bad Debt Expense

-

-

7,673

7,673

Journal Entires

Hullie & Oates Company
Adjusting Journal Entries
For the Year Ended December 31, 2013
Account Titles		DR	CR
Insurance Expense (24,000/24)* 9 months		9,000
			9,000
Advertising Expense (48,000/3)		$16,000
			$16,000
Prepaid Rent		$15,417
Rent Expense (18,500/12*20)			$15,417
Store Supplies Expenses		3,200
			$3,200
Office Supplies		1,250
Office Supplies Expense			$1,250
Interest Receivable (30000*6%)/12*6		$900
Interest Revenue			$900
Depreciation Expense - Store Equipement		$34,000
Depreciation Expense - Office Equipement		$39,333
Accumulated Depreciation - Store Equipement (150,000-10,000)			$34,000
Accumulated Depreciation - Office Equipement (125,000-7,000)			$39,000
Sales Salaries Expense		$8,400
Office Salaries Expense		$6,500
Salaries Payable			$14,900
Unearned rent (40,000/6)*3		$20,000
Rent Revenue			$20,000
Interest Expense (148,000*6.5%)		$9,490
Interest Payable			$9,490
Bad Debts Expense (788,150-12,800)*1%		$7,756
Allowance for Doubtful Accounts			$7,756