Assets Current assets Cash Accounts receivable Inventories Total current assets Net fixed assets Net plant and equipment Total assets Scramouche Opera Company $3,157 1,155 3,388 57,700 6,050 $13,750 Balance Sheet December 31 (Millions of dollars) Fitcom Fitcom Corporation's quick ratio is its current ratio is Corporation $2,029 743 2,178 $4,950 6,050 $11,000 and its current ratio is Liabilities Current liabilities Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total debt Common equity Common stock Retained earnings Total common equity Total liabilities and equity Scramouche Opera Company $0 696 3,944 $4,640 5,672 $10,312 $2,235 1,203 $3,438 $13,750 Fitcom Corporation $0 10 3.712 $3,712 4,538 $8,250 $1,788 962 $2,750 $11,000 Scramouche Opera Company's quick ratio is and 4

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