Reference no: EM132757164
Ivanhoe Company provides you with the following balance sheet information as of December 31, 2022.
Current assets $9,890
Current liabilities $10,080
Long-term assets 22,310
Long-term liabilities 12,040
Total assets $32,200
Stockholders' equity 10,080
Total liabilities and stockholders' equity $32,200
In addition, Ivanhoe reported net income for 2022 of $13,760, income tax expense of $2,816, and interest expense of $1,170.
Problem 1: Compute the current ratio and working capital for Ivanhoe for 2022.
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