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Current ratio, quick ratio

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Figure out current ratio and quick ratio as per this data:

Current Assets:

Cash 14,000
Accounts Receivable 45,489
Inventory 39,239
Prepaid expenses 3,400
total current assets 102,128

Current Liabilities:
Accounts payable 98,789
Other current liabilities 3,456
Total Current liabilities 102,245

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The solution calculates current ratio and quick ratio

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Figure out current ratio and quick ratio as per this data:

Current Assets:

Cash 14,000
Accounts Receivable 45,489
Inventory 39,239
Prepaid expenses 3,400
total current assets ...

Purchase this Solution


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