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Sunland Company provides you with the following balance sheet information as of December 31, 2017. Current assets $13,340 Current liabilities $13,920 Long-term assets 30,740
Sunland Company provides you with the following balance sheet information as of December 31, 2017. Current assets $13,340 Current liabilities $13,920 Long-term assets 30,740 Long-term liabilities 16,240 Total assets $44,080 Stockholders' equity 13,920 Total liabilities and stockholders' equity $44,080 In addition, Sunland reported net income for 2017 of $18,560, income tax expense of $3,712, and interest expense of $1,500. Compute the current ratio and working capital for Sunland for 2017. (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Current ratio Working capital $ :1
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