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Cherry Tree Company has the following balance sheet information as of December 31,2019 Cash $10,000 Marketable Securities $20,000 Account Receivable $ 30,500 Prepaid expenses $2000
Cherry Tree Company has the following balance sheet information as of December 31,2019
Cash $10,000
Marketable Securities $20,000
Account Receivable $ 30,500
Prepaid expenses $2000
Inventory $34000
Property, plant and equipment(net of accumulated depreciation) $54,000
Account Payable $45,000
long term bonds payable $50,000
owner's equity $55,000
What is Cherry Tree Company's quick ratio
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