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working capital and current ratio using the following information compute 1 working 692414

Working Capital and Current Ratio

Using the following information, compute (1) working capital and (2) current ratio.

Deferred sales revenue                                                           

$ 900

Accounts payable                                                               

1,100

Accounts receivable                                                             

1,750

Cash                                                                        

400

Sales                                                                        

10,000

Accrued wages payable                                                           

250

Sales returns and allowances                                                       

700

Bonds payable (to be repaid in 6 months)                                             

1,000

Bonds payable (to be repaid in 5 years)                                                

4,000

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