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Marigold Company provides you with the following balance sheet information as of December 31, 2020....

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Accounting

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Marigold Company provides you with the following balance sheet information as of December 31, 2020. $10,700 Current liabilities $13,750 Current assets Long-term assets 25,650 Long-term liabilities 8,850 Stockholders' equity 13,750 Total assets $36,350 Total liabilities and stockholders' equity $36,350 In addition, Marigold reported net income for 2020 of $15,650, income tax expense of $3,200, and interest expense of $1,150. (Round ratios to 2 decimal places, eg. 2.75:1. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 02:30:59 Hide Timer Compute the current ratio and working capital for Marigold for 2020. Current ratio Working capital (b) Assume that at the end of 2020, Marigold used $2,850 cash to pay off $2,850 of accounts payable. tocca 89400994767adiqu 1/2 How would the current ratio and working capital have changed? Current ratio :1 Working capital (c) Compute the debt to assets ratio and the times interest earned ratio for Marigold for 2020. Debt to assets ratio :1 Times interest earned ratio

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