Reference no: EM132686997
Question - Carla Vista Co. reports the following account balances at December 31, 2022:
Accounts payable $5,000
Accounts receivable 7,400
Cash 6,900
Intangible assets 22,700
Inventory 35,100
Long-term investments 23,000
Long-term liabilities 111,000
Short-term investments 3,600
Notes payable (short-term) 12,500
Property, plant, and equipment 225,000
Prepaid insurance 1,570
Salaries and wages payable 3,900
Land held for future use 74,000
Required - Compute the company's (a) working capital and (b) current ratio.