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Assume the following information Current assets: Cash and cash equivalents 55,000.00 Trade and other receivables Inventory 42,000.00 Total Current Assets Current Liabilities: Trade and other

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Assume the following information Current assets: Cash and cash equivalents 55,000.00 Trade and other receivables Inventory 42,000.00 Total Current Assets Current Liabilities: Trade and other payables 27,000.00 Short-term payables Total Current Liabilities Current Ratio 3.20 Quick Ratio 2.00 Compute the following: 1. Total Current Liabilities 2. Total Current Liabilities 3. Trade and Other Receivable

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