The following accounting information exists for the Aspen and Willow companies: Willow Cash Aspen $ 14,000 $ 24,000 Wages payable 21,500 21,000 Merchandise inventory 22,650 62,000 Building 30,000 80,000 Accounts receivable 39,540 35,400 Long-term notes payable 85,000 110,000 Land 50,000 55,000 Accounts payable 38,000 48,500 Sales revenue 240,000 280,000 Expenses 185,000 245,000 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. Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required B. Required C1 Required C2 Determine the amount of current assets and current liabilities for each company. Current assets Current liabilities Aspen Willow Required A1 Required A2 > The following accounting information exists for the Aspen and Willow companies: Cash Aspen $ 14,000 Willow $ 24,000 Wages payable 21,500 21,000 Merchandise inventory 22,650 62,000 Building 30,000 80,000 Accounts receivable 39,540 35,400 Long-term notes payable 85,000 110,000 Land 50,000 55,000 Accounts payable. 38,000 48,500 Sales revenue 240,000 280,000 Expenses 185,000 245,000 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. Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required B Required C1 Required C2 Compute the current ratio for each company. Note: Round your answers to 2 decimal places. Aspen Willow Current Ratio to 1 to 1 The following accounting information exists for the Aspen and Willow companies: Cash Aspen $ 14,000 Willow $ 24,000 Wages payable 21,500 21,000 Merchandise inventory 22,650 62,000 Building 30,000 80,000 Accounts receivable. 39,540 35,400 Long-term notes payable 85,000 110,000 Land 50,000 55,000 Accounts payable 38,000 48,500 Sales revenue 240,000 280,000 Expenses 185,000 245,000 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. Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required B Required C1 Required C2 Assuming that all assets and liabilities are listed above, compute the debt-to-assets ratios for each company. Note: Round your answers to 1 decimal place. Debt to Assets Ratio Aspen Willow % % The following accounting information exists for the Aspen and Willow companies: Cash Aspen $ 14,000 Willow $ 24,000 Wages payable 21,500 21,000 Merchandise inventory 22,650 62,000 Building 30,000 80,000 Accounts receivable 39,540 35,400 Long-term notes payable 85,000 110,000 Land 50,000 55,000 Accounts payable 38,000 48,500 Sales revenue 240,000 280,000 Expenses 185,000 245,000 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. Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required B Required C1 Required C2 Determine which company has the greater financial risk in the short term. Determine which company has the greater financial risk in the short term. The following accounting information exists for the Aspen and Willow companies: Cash Aspent $ 14,000 Willow $ 24,000 Wages payable 21,500 21,000 Merchandise inventory 22,650 62,000 Building 30,000 80,000 Accounts receivable 39,540 35,400 Long-term notes payable 85,000 110,000 Land 50,000 55,000 Accounts payable 38,000 48,500 Sales revenue 240,000 280,000 Expenses 185,000 245,000 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. Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required B Required C1 Require C2 Determine which company has the greater financial risk in the long term. Determine which company has the greater financial risk in the long term.