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The following balance sheet information is provided for Duke Company for Year 2: $ Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net
The following balance sheet information is provided for Duke Company for Year 2: $ Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation 5,400 15,500 18,000 1,600 20,200 Land 19,950 $ 80,650 $ 4,500 11,500 Total assets Liabilities and Stockholders' Equity Accounts payable Salaries payable Bonds payable (due in ten years) Common stock, no par Retained earnings Total liabilities and stockholders' equity 19,000 30,000 15,650 $ 80,650 a. What is the company's current ratio? (Round your answer to 2 decimal places.) A) 1.16 Current asets Current liabil Cullen C) 2.53 D) 3.79 b. What is the company's working capital? Cuent assets - wrrent lia. B) $4,900 C) $22,900 D) $24,500
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