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Selected financial information is available at July 31 for Blossom Co. 2021 2020 Cash and accounts receivable $19,000 $22,792 Current assets 33,000 37,296 Current liabilities

Selected financial information is available at July 31 for Blossom Co. 2021 2020 Cash and accounts receivable $19,000 $22,792 Current assets 33,000 37,296 Current liabilities 25,000 25,900 (a) Calculate (1) working capital, (2) the current ratio, and (3) the acid-test ratio for 2020 and 2021. (Round current ratio and acid- test ratio answers to 2 decimal places, eg. 1.75:1) 2021 2020 Working capitals Current ratio :1 Acid-test ratio :1 : 1 Selected financial information is available at July 31 for Blossom Co. 2021 2020 Cash and accounts receivable $19.000 $22,792 Current assets 33,000 37,296 Current liabilities 25,000 25.900 (a) Calculate (1) working capital, (2) the current ratio, and (3) the acid-test ratio for 2020 and 2021. (Round current ratio and acid- test ratio answers to 2 decimal places, e8. 1.75:1) 2021 2020 Working capitals Current ratio : 1 31 Acid-test ratio :1 :1

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