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Wildhorse Co. provides you with the following balance sheet information as of December 31, 2017. Current assets $11.500 Current liabilities $12,000 Long-term assets 27.030
Wildhorse Co. provides you with the following balance sheet information as of December 31, 2017. Current assets $11.500 Current liabilities $12,000 Long-term assets 27.030 Long-term liabilities 14,530 Total assets $38,530 Stockholders' equity 12,000 Total liabilities and stockholders' equity $38,530 In addition, Wildhorse reported net income for 2017 of $16,000, income tax expense of $3,072, and interest expense of $1,248. Compute the current ratio and working capital for Wildhorse for 2017. (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Current ratio Working capital $
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