1.Smart Touch has cash of $300, receivables of $900 , supplies of $400 and Equipment of $2000. Smart Touch owes $400 on accounts payable and salary payable of $200. Smart Touch's prepaid expenses are $300. Smart touchs current ratio is.

Select one:a.

6.5

b.

9.75

c.

3.17

d.

2.71

2.

Miele Appliance owed estimated warranty payable of $1000 at the end of 2016. During 2017, Miele made sales of $100 000 and expects product warranties to cost 5% of the sales. During 2017, Miele paid $2800 for Warranties.

Mieles estimated warranty payable at the end of 2017 is: Answer