Calculate the following based on the data in Table Q1(a):

(i) Current ratio (ii) Quick ratio (iii) Absolute liquid ratio (iv) Liquid assets

Liabilities Accounts payable Accrued payable Notes payable $15,000 $ 5,000 $ 8,000 Assets Cash and Bank Marketable Securities Inventories Prepaid expenses Account receivables, net A $ 5,000 $18,000 $10,000 $ 500 $ 8,000 A A Table Q1(a)