Mini-Exercise 3-7 (Algo) Calculate working capital and current ratio LO 3.6 Firm P has accounts receivable of $55,000, cash of $26,600, property, plant, and equipment of $440,000, merchandise inventory of $48,000, accounts payable of $23,300, other accrued liabilities of $8,700, common stock of $370,000, and retained eamings of $167,600 Required: Calculate Firm P's working capital and current ratio