At December 31, 2017, Vaughn Company reported total assets of $750,000; current assets of $150,000 and total stockholders’ equity of $235,000. The liabilities for the company were as

follows: Accounts Payable $30,000 Bonds Payable (due December 31, 2021) 370,000 Income Tax Payable 15,000 Note Payable (due July 31, 2018) 25,000 Note Payable (due June 30, 2019) 56,000 Salaries Payable 9,000

Unearned Revenue (will be earned in 2018) 10,000

Total Liabilities $515,000

Determine total current liabilities for Vaughn.

Calculate Working Capital and the Current Ratio for Vaughn.