Use the following financial information to answer questions 3 – 5. King Company Balance Sheet Cash $20,000 Receivables

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Use the following financial information to answer questions 3 –
5.
King Company
Balance Sheet

Cash $20,000
Receivables 20,000
Inventories 60,000
Total Current Assets 100,000
Plant Assets (net) 200,000
$300,000
Accounts Payable $ 50,000
Long Term debt 100,000
Stock holders' equity 150,000
$300,000
The working capital of King Company is:
Group of answer choices
$20,000
$40,000
$50,000
$300,000
The current ratio of King Company is:
Group of answer choices
2:1
3:1
2:3
1:2
The Debt/Equity ratio for King Company is:
Group of answer choices
.5:1
1:1
1.5:1
2:1