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Calculate working capital and current ratio for companies

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Problem 1: On December 31, 2021, Cullumber Company had $1 million of current assets and $820,000 of current liabilities. On the same day, Riverbed Company had $310,000 of current assets and $130,000 of current liabilities. Calculate the working capital and current ratio for both companies. (Round current ratio answers to 2 decimal places, e.g. 1.76:1)

Reference no: EM132942743

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