Shirlen Company Has the Following Partial List of Account Balances

Shirlen Company has the following partial list of account balances at year end: $$\begin{array} { | l | r | } \hline \text { Trade payables } & \$ 500 \\\hline \text { Trade receivables } & 1,600 \\\hline \text { Bonds payable (due in 5 years) } & 80,000 \\\hline \text { Cash } & 2,000 \\\hline \text { Equipment (net) } & 5,000 \\\hline \text { Land } & 9,900 \\\hline \text { Notes payable (due in 6 months) } & 800 \\\hline \text { Salaries payable } & 700 \\\hline \text { Cost of Goods Sold } & 5,000 \\\hline\end{array}$$ Required:
A. Determine the amount of working capital.
B. Assume that cash is used to pay the balance due on trade payables. Compute the new amount of working capital.
C. Compute the trade payables turnover ratio .