part b)? :)

part a is 1.5

11 Assets Current assets Cash Accounts receivable Prepaid insurance Total current assets Equipment Total assets $25,000 25.000 SUCAND CORPORATION Statement of Financial Position December 20, 2021 Liabilities Current liabilities $20.000 Accounts payable 50.000 Salaries payable 5.000 Non-current abilities 75.000 Bank loan payable 220.000 Total abilities $295.000 Shareholders equity Common shares Retained earnings Total abilities and shareholders equity $50,000 70 000 120,000 $90,000 85,000 175,000 $295.000 (a) Your answer is correct Calculate the current ratio based on the data in the preliminary statement of hinancial position (Round current ratio to 1 decimal place, s.5.2) Current ratio : 1 e Textbook and Media Attempts: 3 of 15 used (b) Based on the results in (al, the CFO asked her staff to pay $25.000 of the accounts payable on December 21 Calculate the current ratio after the company makes this payment, assuming there are no further changes to current assets and current liabilities (Round current ratio to 1 decimal place, e3.5.2) Current ratio :1 e Textbook and Media Save for Later Attempts of 15 used Submit