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Turner's Toys, Inc.

Selected figures from the Balance Sheet and Income Statement of Turner's Toys, Inc. are shown below. (Compute answer to two decimal places.)

From the Balance Sheet			From the Income Statement
Cash	$210,734		Net Sales	$244,750
Accounts Receivable	$138,126		Cost of Goods Sold	$190,000
Merchandise Inventory:			Net Income	$  26,406
End of this year	$184,500
End of last year	$178,300
Total Current Assets	$533,360
Total Current Liabilities.	$324,152
Total Stockholders' Equity	$149,208

Refer to Turner's Toys, Inc. Compute the working capital ratio.

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