1. State the equation for each of the following: 1. Working capital 2. Current ratio 3. Profit margin 2. Bridger reported net income of $150,000 and sales of $1,000,000 for the year. Its current...

1. State the equation for each of the following:

1. Working capital

2. Current ratio

3. Profit margin

2. Bridger reported net income of $150,000 and sales of $1,000,000 for the year. Its current assets were $300,000 and its current liabilities were $200,000 at year-end.

Required

Compute each of the following ratios for Bridger:

1. Current ratio

2. Profit margin