1. the following data were shown in the records of victoria company at the end of 2010: quick assets $180,000 current assets 225,000 Average net receivables 10,000 average inventory 42,000 current liabilities 50,000 net credit sales 120,000 cost of goods sold 84,000 assume 365 days in the year compute the following ratios: A Quick Ratio B Current(working capital)ratio c Receivable turnover D inventory turnover E Average age of receivable f average days of supply in inventory 2. chicago company has hired you to reconcile its bank statement and cash accounts. for june, the cash account showed the following: Cash Account (Books) Date Explanation Debits Credits Balance 06/01 Beginning balance $5,600 06/01-06/30 deposits 32,000 37,600 06/01-06/30 checks 29,700 7,900 06/30 ending balance 7,900 June bank statement, just received showed the following june1,balance 5,600 june deposits 29,000 june-interest paid by the bank 120 june checks (27,500) bank service charge (50) nsf charged (check returned for (150) nonsufficient funds june 30, balance 7,020 there were neither outstanding checks nor deposits in transit at may 31. prepare the bank reconciliation