Use the following information to answer items 5 - 7: At December 31 a company's records show the following information: Cash Accounts Receivable Inventory Prepaid Insurance Long-term Assets Accounts Payable Notes Payable due in 10 months Wages Payable Long-term Liabilities Stockholders (Owner's) Equity 5. The company's working capital is a. $60,000 b. $66,000 c. $196,000 6. The company's current ratio is a. 1.0:1 b. 2.0:1 c. 2.1:1 7.The company's quick ratio is a. 0.7:1 b. 1.0:1 c. 3:1 $ 10,000 30,000 80,000 6,000 200,000 30,000 25,000 5,000 70,000 196,000

Use the following information to answer items 57 : At December 31 a company's records show the following information: 5. The company's working capital is a. $60,000 b. $66,000 c. $196,000 6. The company's current ratio is a. 1.0:1 b. 2.0:1 c. 2.1:1 7.The company's quick ratio is a. 0.7:1 b. 1.0:1 c. 3:1 Use the following information to answer items 57 : At December 31 a company's records show the following information: 5. The company's working capital is a. $60,000 b. $66,000 c. $196,000 6. The company's current ratio is a. 1.0:1 b. 2.0:1 c. 2.1:1 7.The company's quick ratio is a. 0.7:1 b. 1.0:1 c. 3:1