A. On Air Corp. has cash of $20,000, A/R of $60,000, Inventory of $160,000, A/P of $40,000, Long-Term Debt of 500,000 and Net Fixed Assets $625,000. What is the quick ratio?

B. On Air Corp. has cash of $20,000, A/R of $60,000, Inventory of $160,000, A/P of $40,000, Long-Term Debt of 500,000 and Net Fixed Assets $625,000. What is the current ratio?

C. Simple Company has $25,000 in cash, $50,000 in inventory, $75,000 in accounts receivable, and $100,000 in accounts payable. All other assets are fixed and worth $200,000. The equity section, with retained earnings and paid in capital, totals to $250,000. How much in liabilities does the company have?