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Current Liabilities and Ratios Several accounts that appeared on Atunlu's 2017 balance sheet are as follows: Accounts Payable $79,000 Equipment $950,000 etable S 40,000 Taxes Payable 15,000 Accounts Receivable 97,200 Retained Earnings 250,000 Notes Payable, 12%, due in 60 days 20,000 Inventory 165,000 Capital Stock 1,150,000 Allowance for Doubtful Accounts 20,000 Salaries Payable 10,000 Land 600,000 Cash 65,000 Required: 1. Prepare the Current Liabilities section of Atunlu's 2017 balance sheet. Atunlu Partial Balance Sheet As Of December 31, 2017 Current liabilities: Total current liabilities 2. Compute Atunlu's working capital. 3. Compute Atunlu's current ratio. Round your answer to one decimal place. 1 What does this ratio indicate about Atunlu's condition? It seems that Atunlu has current assets to meet its short-term obligations. sufficient insufficient