Selected financial information is available at July 31 for Crane Co.
2021 2020
Cash and accounts receivable $18,040 $21,945
Current assets 29,700 34.650
Current liabilities 22.000 23,100
(a) 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, eg. 1.75:1)
