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The following accounting information exists for the Aspen and Willow companies: Cash Wages payable Merchandise inventory Building Accounts receivable Long-term notes payable Land Accounts payable Sales revenue Expenses Aspen Willow $ 15,000 $ 25,000 21,000 26,000 28,480 54,800 60,000 110,000 31,590 39,525 75,000 120,000 45,000 45,000 40,000 45,000 240,000 270,000 195,000 245,000 Required a-1. Determine the amount of current assets and current liabilities for each company. a-2. Compute the current ratio for each company. b. Assuming that all assets and liabilities are listed above, compute the debt-to-assets ratios for each company. C-1. Determine which company has the greater financial risk in the short term. C-2. Determine which company has the greater financial risk in the long term. Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required B Required C1 Required C2 Determine the amount of current assets and current liabilities for each company. Aspen Willow Current assets Current liabilities Required A1 Required A2 > Required A1 Required A2 Required B Required C1 Required C2 Compute the current ratio for each company. (Round your answers to 2 decimal places.) Current Ratio to 1 Aspen Willow to 1 Required A1 Required A2 Required B Required C1 Required C2 Assuming that all assets and liabilities are listed above, compute the debt-to-assets ratios for answers to 1 decimal place.) Debt to Assets Ratio Aspen % Willow % Required A2 Required C1 Required A1 Required A2 Required B Required C1 Required C2 Determine which company has the greater financial risk in the short term. Determine which company has the greater financial risk in the short term. Required A1 Required A2 Required B Required C1 Required C2 Determine which company has the greater financial risk in the long term. Determine which company has the greater financial risk in the long term.

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