As of December 31, the Stanford company has the following information. Use this information to answer questions

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As of December 31, the Stanford company has the following information. Use this information to answer questions 1 to 3.

Cash$5,000Accounts Receivable15,000Inventory40,000Prepaid Insurance3000Fixed Assets100,000Accounts Payable15,000Notes Payable in 5 Months12,500Salary Payable25,000Notes Payable in 5 years

35,000Owner's Equity98,000

2. What is the company's Current Ratio?

Question 3 options:

2.5

1.75

2.1

1.2

Posted Date: Jun 19, 2024 02:04 PM

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As of December 31, the Stanford company has the following information. Use this information to answer questions

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