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Problem 2 Gateway Corporation has the following selected balance sheet information. Account 2020 2019 Cash...

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Accounting

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Problem 2 Gateway Corporation has the following selected balance sheet information. Account 2020 2019 Cash $ 25,840 $ 19,850 Accounts Receivable $ 13,500S 8,540 Inventory $ 8,490$ 10,580 Supplies $ 1,150 $ 2,500 Other Current Assets $ 2,500 $ 3,600 Notes Payable $ 6,250 $ 6,900 Accounts Payable S 18,400 $ 21,430 1 Determine the working capital for 2020 and $ $ 2 Determine the current ratio for 2020 and 2019

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