Monkee's Company has current assets of $45,000, current liabilities of $50,000, long-term assets of $90,000 and long-term liabilities of $40,000. Monkee's Company's working capital and its current ratio are:
a. $45,000 and .90:1.
b. $5,000 and 1.50:1.
c. $5,000 and .90:1.
d. ($5,000) and .90:1.
Answer is d. ($5,000) and .90:1.
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