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I need Atunlu's working capital and Atunlu's current ratio. please and thank you Current Liabilities and Ratios Several accounts that appeared on Atunlu's 2017 balance

I need Atunlu's working capital and Atunlu's current ratio. please and thank you image text in transcribed
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Current Liabilities and Ratios Several accounts that appeared on Atunlu's 2017 balance sheet are as follows: Accounts Payable $80,000 Equipment Marketable Securities 40,000 Taxes Payable Accounts Receivable 75,000 Retained Earnings Notes Payable, 12%, due in 60 days 20,000 Inventory Capital Stock 1,150,000 Allowance for Doubtful Accounts Salaries Payable 10,000 Land Cash 65,000 Required: $950,000 15,000 250,000 165,000 20,000 600,000 1. Prepare the Current Liabilities section of Atunlu's 2017 balance sheet. Atunlu Partial Balance Sheet As of December 31, 2017 Current liabilities: Accounts paye dropdown Notes payable, 12%, due in 60 days Taxes payable Salaries payable 80,000 20,000 15,000 10,000 Total current liabilities 125,000 2. Compute Atunlu's working capital. 3. Compute Atunlu's current ratio. Round your answer to one decimal place. X : 1 What does this ratio indicate about Atunlu's condition? It seems that Atunlu has sufficient current assets to meet its short-term obligations. Feedback Check My Work Working capital and the current ratio help determine a company's liquidity

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