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The following accounting information exists for the Aspen and Willow companies: Cash Wages payable Merchandise inventory Building Accounts receivable Long-term notes payable Land Accounts payable

The following accounting information exists for the Aspen and Willow companies: Cash Wages payable Merchandise inventory Building Accounts receivable Long-term notes payable Land Accounts payable Sales revenue Expenses Required Aspen Willow $ 17,000 $27,000 18,500 23,000 23,710 54,200 60,000 100,000 37,155 35,125 80,000 100,000 45,000 50,000 39,000 44,500 240,000 290,000 185,000 235,000 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. Determine the amount of current assets and current liabilities for each company. Current assets Current liabilities Aspen Willow Compute the current ratio for each company. (Round your answers to 2 decimal places.) Aspen Willow Current Ratio to 1 to 1 Assuming that all assets and liabilities are listed above, compute the debt-to-assets ratios for each company. (Round your answers to 1 decimal place.) Aspen Willow Debt to Assets Ratio % % Determine which company has the greater financial risk in the short term. Determine which company has the greater financial risk in the short term. Determine which company has the greater financial risk in the long term. Determine which company has the greater financial risk in the long term

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