The following amounts were reported on the December 31, 2016, balance sheet: Cash $ 9,000 Accounts receivable 33,000 Common stock 50,000 Wages payable 16,000 Retained earnings 125,000 Land 30,000 Accounts payable 19,000 Bonds payable 110,000 Merchandise inventory 28,000 Buildings and equipment, net of accumulated depreciation 220,000

Required (show all work): (a.) Calculate working capital at December 31, 2010. (b.) Calculate the current ratio at December 31, 2016. (c.) Calculate the acid-test ratio at December 31, 2016.

The following amounts were reported on the December 31, 2016, balance sheet: Cash Accounts receivable Common stock Wages payable Retained earnings Land Accounts payable Bonds payable Merchandise inventory Buildings and equipment, net of accumulated depreciation $ 9,000 33,000 50,000 16,000 125,000 30,000 19,000 110,000 28,000 220,000