Metlock Company provides you with the following balance sheet information as of December 31, 2019.

Metlock Company provides you with the following balance sheet information as of December 31, 2019.

Current assets		$10,550		Current liabilities		$13,800
Long-term assets		26,150		Long-term liabilities		9,100
				Stockholders equity		13,800
Total assets		$36,700		Total liabilities and stockholders equity		$36,700

In addition, Metlock reported net income for 2019 of $15,600, income tax expense of $3,200, and interest expense of $1,200. (Round ratios to 2 decimal places, e.g. 2.75:1. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (a) Compute the current ratio and working capital for Metlock for 2019.

Current ratio			:1
Working capital

(b) Assume that at the end of 2019, Metlock used $2,800 cash to pay off $2,800 of accounts payable. How would the current ratio and working capital have changed?

Current ratio			:1
Working capital

(c) Compute the debt to assets ratio and the times interest earned ratio for Metlock for 2019.

Debt to assets ratio			:1
Times interest earned ratio

In addition, Metlock reported net income for 2019 of $15,600, income tax expense of $3,200, and interest expense of $1,200.