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Please solve this problem Do It! Review 10-4 Sunland Company provides you with the following balance sheet information as of December 31, 2017 $13,700 $10,600
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Do It! Review 10-4 Sunland Company provides you with the following balance sheet information as of December 31, 2017 $13,700 $10,600 current liabilities Current assets 11,700 Long-term assets 28,100 Long-term liabilities Total assets $38,700 Stockholders' equity 13,300 Total liabilities and stockholders' equity $38700 In addition, Sunland reported net income for 2017 of $14,400, income tax expense of $3,100, and interest expense of $1,200. Your answer is partially correct. Try again Compute the current ratio and working capital for Sunland for 2017. (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Current ratio 2.04 Working capital (3,100) LINK TO TEXTStep by Step Solution
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