The following amounts were reported on the December 31, 2019, balance sheet: a. b. Cash Accounts receivable Common stock Wages payable Retained earnings Land Accounts payable Bonds payable C. Merchandise inventory Buildings and equipment, net of accumulated depreciation Required: a. Calculate working capital at December 31, 2019. b. Calculate the current ratio at December 31, 2019. (Round your answer to 1 decimal place.) c. Calculate the acid-test ratio at December 31, 2019. (Round your answer to 1 decimal place.) $ 40,000 110,000 Working capital Current ratio Acid-test ratio 200,000 25,000 400,000 100,000 17,400 586,560 78,960 900,000

The following amounts were reported on the December 31, 2019, balance sheet: Required: a. Calculate working capital at December 31, 2019. b. Calculate the current ratio at December 31, 2019. (Round your answer to 1 decimal place.) c. Calculate the acid-test ratio at December 31, 2019. (Round your answer to 1 decimal place.)