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Selected financial information is available at July 31 for Oriole Co. 2021 2020 Cash and...

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Accounting

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Selected financial information is available at July 31 for Oriole Co. 2021 2020 Cash and accounts receivable $19,200 $23,276 Current assets 31,920 36,938 Current liabilities 24,000 25,300 Calculate (1) working capital, (2) the current ratio, and (3) the acid-test ratio for 2020 and 2021. (Round current ratio and acid-test ratio answers to 2 decimal places, e.g. 1.75:1) 2021 2020 Working capital $ $ Current ratio :1 :1 Acid-test ratio :1 :1

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