Question 20 of 20 > -/1 View Policies Current Attempt in Progress Novak Company provides you with the following balance sheet information as of December 31, 2020 Current assets Long-term assets $10,800 25.400 Current liabilities Long-term liabilities Stockholders' equity Total abilities and stockholders' equity $14,000 8.200 14000 $36.200 Total assets $36,200 In addition, Novak reported net income for 2020 of $15.650. income tax expense of $3,200, and interest expense of $1,200. (Round ratios to 2 decimal places, 03.275.1. Enter negative amounts using either a negative sin preceding the numberes.-45 or parentheseses 1450 (a) Compute the current ratio and working capital for Novak for 2020 Current ratio 1 Worldne capital b Assume that at the end of 2020. Novak used $3.050 cash to pay off 53.050 of accounts payable How would the current ratio and wodding capital have changed Current ratio Working capital Com the debt toetsratio and the times interest earned ratio for Novak for 2020 Debetoratio 11 Time interestearried ratio Textbook and Media Attempts of 3 used Sub O