The following amounts were reported on the December 31, 2019, balance sheet Cash Accounts receivable Common stock Wages payable $ 22,000 60,500 110,000 13,750 Retained earnings 220,000 Land 55,000 Accounts payable 26,850 Bonds payable 325,560 Merchandise inventory 63,660 Buildings and equipment, net of accumulated depreciation 495,000 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.) a Working capital b. Current ratio c. Acid-test ratio. < Prev 2 of 2 Next