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Based on the Following Information Compute the (1) Current Ratio

Question 154

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Based on the following information compute the (1) current ratio and (2) working capital.  Current assets $200,000 Total assets 900,000 Current liabilities 80,000 Total liabilities 500,000\begin{array} { l r } \text { Current assets } & \$ 200,000 \\\text { Total assets } & 900,000 \\\text { Current liabilities } & 80,000 \\\text { Total liabilities } & 500,000\end{array}

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