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Selected financial information is available at July 31 for Wildhorse Co. 2021 2020 Cash and accounts receivable Current assets Current liabilities $20,240 30,800 22.000 $23,625

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Selected financial information is available at July 31 for Wildhorse Co. 2021 2020 Cash and accounts receivable Current assets Current liabilities $20,240 30,800 22.000 $23,625 33.750 22,500 (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, e.g. 1.75:1) 2021 2020 Working capital $ $ Current ratio :1 :1 Acid-test ratio :1 :1 Save for Later Attempts: 0 of 1 used Submit

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