Wowk Corporation has provided the following financial data: 
Required:
a. What is the company's working capital?
b. What is the company's current ratio?
c. What is the company's acid-test (quick) ratio?
Definitions:
Compounded Interest
Interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.
Amortized Loan
A loan with scheduled periodic payments that consist of both principal and interest, where initially more interest is paid than principal.
Constant Payments
A fixed amount of money paid periodically in a loan agreement or financial investment, such as in an annuity or mortgage.
Interest
A fee levied for the use of borrowed money, frequently expressed in terms of an annual percentage rate.
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