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Cash Accounts Receivable Inventory Prepaid Insurance Long-term Assets Accounts Payable Notes Payable due in 10 months Wages Payable Long-term Liabilities Stockholders' (Owner's) Equity $10,000 30,000
Cash Accounts Receivable Inventory Prepaid Insurance Long-term Assets Accounts Payable Notes Payable due in 10 months Wages Payable Long-term Liabilities Stockholders' (Owner's) Equity $10,000 30,000 80,000 6,000 200,000 30.000 25,000 5,000 70,000 196,000 Use the following information to answer items 5 - 7: At December 31 a company's records show the following information: 5. The company's working capital is 6. The company's current ratio is 7. The company's quick ratio is
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