Question #6 - Calculate liquidity measures The following amounts were reported on the December 31, 2019, balance sheet: Cash $ 18,000 Accounts receivable 49,500 Common Shares Issued 90,000 Wages payable 11,250 Retained earnings 180,000 Land 45,000 Accounts payable 28,950 Bonds payable 268,440 Merchandise Inventory 61,140 Property Plant & Equipment 405,000 Required: a. Calculate working capital at December 31, 2019. b. Calculate the current ratio at December 31, 2019. (Round your answer to 1 decimal place.) AJ