hw ch 2 question 4

The chief finandiat otficer (CFO) of Flounder Carporation requested that the accounting depaintment prepare a jareliminary balance sheet on Decomber 30, 2025, so that the CFO could get an idea of how the compary stood. He knows that certain dete aw stements with its creditors require the compary to maintain a carrent ratio of at least 21 . The prelintinary balance sheet is as follows. (a) Calculate the current ratio and working copital based on the preliminary balance sheet. (Round ourrent robbo to 1 decimal ploce, es. 0.7:1.)