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Diane Corporation is preparing its 2015 balance sheet. The company records show the following selected...

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Accounting

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Diane Corporation is preparing its 2015 balance sheet. The company records show the following selected amounts at the end of the accounting period, December 31, 2015: Required: 1-a. Compute working capital. 1-b. Compute the quick ratio (quick assets are $70,000 ). (Round your answer to 2 decimal places.) 2. Would your computation be different if the company reported $270,000 worth of contingent liabilities in the notes to the statements

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