number 8 please.

confused about the where the computer 3,400 should go ? or is that not suppose to be included?

58,30 7. What is the relahonship between a venture's current assets and current liabilities? What happens if current liabilities are greater than current assets (or is it possible)? 8. Joe Fellows is attempting to categorize several items from his company's financial statements so he can determine his working capital. Joe notices the following categories of accounts and amounts: cash, $3,500; accounts payable, $10,200; accounts receivable, $15,000; sales taxes due city of Phoenix, $750; sales taxes due the Arizona Department of Revenue, $3,450; inventory, $17,500; wages payable, $5,350; taxes payable (federal), $2,570; money market fund, $12,300; and computer, $3,400. a) List accounts classified as current assets and as current liabilities. b) Determine the amount of gross working capital. c) Determine the amount of net working capital. d) What is Joe's current ratio? 1oan defouir is the fai IUre of a Party to meet the obligation