Q5

11. A balance sheet shows current assets as $4,553, accrued wages and taxes as $1,271, accounts payable as $1,427, and notes payable as $816. How much is the net operating working capital?Answer to the nearest cent as in xx.xx without entering the dollar sign.

12. If the debt ratio is 0.42 what is the equity multiplier? Answer to the nearest hundredth as in xx.xx.