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On Decem ber 31, 20-, the following selected accounts and am ounts appeared on the balance sheet for Duncan Com pany. Determine the am ount

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On Decem ber 31, 20-, the following selected accounts and am ounts appeared on the balance sheet for Duncan Com pany. Determine the am ount of the working capital and the current ratio. Building Prepaid Insurance Merchandise Inventory Store Equipm ent Unearned Fees Notes Pay able (due in six m onths) Accum ulated Depreciation, Building Accounts Payable Land Cash Store Supplies Accum ulated Depreciation, Store Equpment Notes Receivable (due in four months) Mortgage Payable (current portion) Salaries Payable M. Duncan, Capital Mortgage Payable (due in four years) $205,000 2,410 86,630 16,900 4,230 12,690 84,600 21,150 48,000 22,860 1,200 7,320 7,220 6,110 2,820 150,800 100,500 2. Working Capital Current Ratio (Round your answer to two decim al places.) 7 CheckMy Works used chapter

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