18. Ace Credit Card Company agrees to transfer cash to Seller Company deposit of that company's credit card sales sales. If Seller Company deposits $57,300 credit eard statements is true? A. Ace will receive $56,154 cash from Seller Company B. Seller Company will receive cash $56,154 from Ace C. Ace will receive $57,300 cash from Seller Company D. Seller Company will receive $57,300 cash from Ace E. Ace will pay Seller Company a $1,146 credit card fee sales receipts, which of the following 19. A promissory note received from a customer in exchange for an account receivable: A. Is a cash equivalent for the recipient B. Is an account receivable for the recipient C. Is a note receivable for the recipient D. Is a short-term investment for the recipient E. Is a note payable for the recipient 20. The person who signs a note receivable and promises to pay the principal and interest is the: A. Maker B. Payee C. Holder D. Recciver E. Owner Problems: (10 points) 1. The following information is available for Trico and its two main competitors in the industry (Duco and Unico): Trice Duco Unice $9,800 $10.500 $26.500 6.-400 8.200 12.500 Cash Short-term investments Accounts recervable Nlerchandse inventory Prepaid expense Accounts payable Salanies payable Other current payables 12.500 8.500 14.350 30.150 40,000 40,150 900 6,750 2.450 19,400 13,750 26.800 1.200 3.500 6.250 600 .200 2.150 The industry standard for the current ratio is 18 Required: 1. Calculate the current ratio for each firm. 2. Rank the firms in decreasing order of liquidity 3. Comment on Trico's relative liquidity position