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The following accounting information exists for Aspen and Willow companies: Aspen Willow Cash $ 14,000 $ 24,000 Wages payable 19,000 25,500 Merchandise inventory 21,590 57,800

The following accounting information exists for Aspen and Willow companies:

Aspen Willow
Cash $ 14,000 $ 24,000
Wages payable 19,000 25,500
Merchandise inventory 21,590 57,800
Building 30,000 100,000
Accounts receivable 36,095 37,050
Long-term notes payable 80,000 110,000
Land 45,000 60,000
Accounts payable 39,000 42,500
Sales revenue 230,000 310,000
Expenses 190,000 240,000

Required a-1. Determine the amount of current assets and current liabilities for each company. a-2. Compute the current ratio for each company. b. Assuming that all assets and liabilities are listed above, compute the debt-to-assets ratios for each company. c-1. Determine which company has the greater financial risk in the short term. c-2. Determine which company has the greater financial risk in the long term.

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