Several accounts that appeared on Kruses 2010 balance sheet are as follows:

Accounts payable 55,000

marketable securities 40,000

accounts recievable 180,000

notes payable, 12%, due in 60 days 20,000

capital stock 1,150,000

salaries payable 10,000

cash 15,000

equipment 950,000

taxes payable 15,000

retained earnings 250,000

inventory 85,000

allowance for doubtful accounts 20,000

land 600,000

1. Prepare the current liabilities section of Kruses 2010 balance sheet

2. compute Kruses working capital

3. compute kruses current ratio. What does this ratio indicate about kruses condition?