Cash $20,000.00 A/R $70,000.00 Inventory $100,000.00 A/P(Short Term) $160,000.00 Bonds Payable (long term debt) $400,000.00 Common Stock (Shares 1,000) $30,000.00 Retained Earnings $180,000.00 Fixed Assets $580,000.00  

calculate Total Current Assets.

calculate Total Current Liabilities.

calculate Total Assets.

calculate Total Owners Equity.

calculate Total Long Term Liabilities.

calculate Total Liabilities and Owners Equity.

calculate the Current Ratio.

Calculate the Quick Ratio

If a company had a Current Ratio of 1.5 and a Quick Ratio of .75, would you extend credit to this company on a short term basis? Consider how the company's current asset of inventory would impact your decision. Provide your reasoning. I am looking for a short paragraph answer.