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

1. What is the company's Quick Ratio?

A)1.70 B)0.70 C)0.38 D)1.25

2. What is the company's Working Capital?

A)12,500 B)10,500 C)15,000 D)15,500

3. What is the company's Current Ratio?

A)2.5 B)1.75 C)2.1 D)1.2

Cash $5,000 Accounts Receivable 15,000 40,000 Inventory Prepaid Insurance 3000 Long-term Assets 100,000 15,000 12,500 Accounts Pavable Notes Payable in 5 Months Salary Payable Notes Payable in 5 Years 25,000 35,000 Owner's Equit