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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

    © BrainMass Inc. brainmass.com October 9, 2019, 6:54 pm ad1c9bdddf
    https://brainmass.com/economics/microeconomics/current-ratio-quick-ratio-101913

    Solution Preview

    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 ...

    Solution Summary

    The solution calculates current ratio and quick ratio

    $2.19