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Below you see selected information from the financial statement of Dicson Inc ., a retail furniture store. From the Balance Sheet Amount $ Cash $30,000

Below you see selected information from the financial statement of Dicson Inc., a retail furniture store.

From the Balance Sheet

Amount $

Cash

$30,000

Accounts Receivable

$150,000

Inventory

$150,000

Factory

$500,000

Current Liabilities

$150,000

Total StochholdersEquity

$300,000

Total Assets

$1,000,000

INSTRUCTION:(SHOW YOUR CALCULATIONS AND ROUND TO 2 DECIMAL PLACES)

Compute the following Ratio.

  1. CurrentRatio

  1. WorkingCapital

  1. QuickRatio

Commend your result for the Quick Ratio of Dicson Inc.

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