Answer Happy

(b) Calculate working capital, the current ratio, and the acid-test ratio. (Round current ratio and acid-test ratio answers to 2 decimal places, e.g. 1.75:1. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45)) Working capital $ Current ratio Acid-test ratio :1 :1
Selected financial information for Blossom as at December 31, 2021, follows: Accounts payable Accounts receivable Accumulated depreciation-building Building Cash Goodwill Interest payable Additional information 1 Chrowder.capital 2 3. $208,000 200.000 77,000 255,000 15,500 35,000 17,000 104,700 Land Licences Long-term equity investments Mortgage payable Notes payable Prepaid expenses Salaries payable Supplies Unearned revenue All accounts have normal balances $18,000 of the mortgage payable will be paid before December 31, 2022. The notes payable are payable on May 17, 2022. $105,000 59,000 47,000 218,000 56,000 7,200 27,500 11,000 26,500