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Tab Transcontinental Corp.'s CFO has decided to take a closer look at the firm's short-term assets and liabilities. Tab Transcontinental Corp.'s balance sheet follows. Balance
Tab Transcontinental Corp.'s CFO has decided to take a closer look at the firm's short-term assets and liabilities. Tab Transcontinental Corp.'s balance sheet follows. Balance Sheet Cash Accounts receivable Inventory Total current assets $150,000 $90,000 $100,000 $340,000 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total common equity Total liabilities and equity $130,000 $75,000 $125,000 $330,000 $460,000 $200,000 $990,000 $650,000 $990,000 Net plant and equipment Total assets The value of Tab Transcontinental Corp.'s working capital is , while its net working capital is The value of Tab Transcontinental Corp.'s net operating working capital is Tab Transcontinental Corp.'s current ratio is If Tab Transcontinental Corp. decides to purchase inventory with long-term debt, its current ratio will
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