A small restaurant reported the following current assets at years end: Cash $1,840, accounts receivable $220, credit

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A small restaurant reported the following current assets at year’s end:

Cash $1,840, accounts receivable $220, credit card receivables $480, food inventories $1,340, prepaid insurance $400, and prepaid rent $1,000. Current liabilities were $2,112. Complete a common-size vertical analysis of current assets and calculate the current and quick ratios.

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