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Sophorium's statement of financial position on December 31, 2020 is given below. Sophorium Statement of Financial Position December 31, 2020 Plant Assets $98,000 Share Capital
Sophorium's statement of financial position on December 31, 2020 is given below. Sophorium Statement of Financial Position December 31, 2020 Plant Assets $98,000 Share Capital 82,950 Inventory 14,500 Mortgage Payable 55,300 Receivables 9,000 Accounts payable 40,250 Cash 57,000 Total Equity & Liabilities Total Assets 178,500 178,500 Required: Show your calculations!!! a) Calculate the current ratio. (10 points) b) Calculate working capital. (5 points) 7 i, B I c
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