View Policies Current Attempt in Progress Listed below are assets and liabilities of Cullumber Corporation for the years 2021 and 2022. Each is listed in alphabetical order. Assets 2022 2021 Liabilities 2022 2021 Accounts receivable $2,000 $2,700 Accounts payable $4,200 $3,300 Cash 1,200 1,524 Bonds payable 31,300 26.300 Equipment (net) 45.500 51.500 Notes payable (current) 2,500 1,900 Inventory 4,000 4,500 Notes payable (long-term) 5,300 4,300 Land 23,500 23,500 Supplies 706 1,000 Total assets $76,906 $84,724 Total liabilities $43,300 $35,800 llumber reported net income of $49,500 for 2022 and $43,500 for 2021. (b) Compute total current assets and total current liabilities for each year. Total current assets Total current liabilities 2022 3,906 6.700 2021 5.224 5,200 Attempts: 1 of 1 used Compute working capital and the current ratio for each year. (Round current ratio to 2 decimal places, eg. 52.75.) Working capital 2022 $ 2021 Compute working capital and the current ratio for each year. (Round current ratio to 2 decimal places, eg. 52.75) Working capital Current ratio Save for Later 2022 2021 Attempts: 0 of 1 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above. C