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Working Capital and Current Ratio The following data were taken from recent financial statements of Starlight Corporation: Year 2 Year 1 Current assets $ 190,841

Working Capital and Current Ratio The following data were taken from recent financial statements of Starlight Corporation: Year 2 Year 1 Current assets $ 190,841 $ 139,238 Current liabilities 53,607 39,669

a. Compute the working capital and the current ratio for Year 2 and Year 1. Round the current ratio answers to two decimal places. Use the minus sign to indicate a negative working capital.

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