(Answered) Using the following accounts and balances taken from a

Accounting

Using the following accounts and balances taken from a year-end balance sheet, compute working capital and the current ratio.

Accounts Payable $3,500
Accounts Receivable 5,000
Cash 2,000
Marketable Securities 1,000
Merchandise Inventory 6,000
Notes Payable in Three Years 6,500
Property, Plant, and Equipment 20,000
Common Stock 24,000

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