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financial statements of Green Mountain Ltd. 2018 2017 Cash at bank $145,000 $169,000 Marketable securities 330,000 301,000 Accounts receivable 385,000 362,000 Inventory 880,000 902,000 Prepaid
financial statements of Green Mountain Ltd.
2018 | 2017 | ||||
Cash at bank | $145,000 | $169,000 | |||
Marketable securities | 330,000 | 301,000 | |||
Accounts receivable | 385,000 | 362,000 | |||
Inventory | 880,000 | 902,000 | |||
Prepaid expenses | 29,000 | 73,000 | |||
Plant and equipment | 1,550,000 | 1,600,000 | |||
Accounts payable | 854,000 | 836,500 | |||
Bills payable | 48,000 | 53,000 | |||
Accrued expenses | 5,900 | 2,800 |
with the above figures, calculated the following
1. The Current ratio for 2017 and 2018 ?
2. The Quick ratio for 2017 and 2018
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