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Intro Use the following information to answer the questions: Assets Cash Marketable securities 13,000 2,000 7,000 Accounts receivable Inventory Current assets Machines 30,000 52,000 34,000
Intro Use the following information to answer the questions: Assets Cash Marketable securities 13,000 2,000 7,000 Accounts receivable Inventory Current assets Machines 30,000 52,000 34,000 80,000 Liabilities and Equity Accounts payable 20,000 Notes payable 6,000 Current liabilities 26,000 Long-term debt 95,000 Total liabilities 121,000 Paid-in capital 20,000 Retained earnings 25,000 Equity 45,000 Total liab. & equity 166,000 Real estate Fixed assets 114,000 166,000 Total assets Part 1 Attempt 1/3 for 8 pts. What is the current ratio? 0+ decimals Submit | Attempt 1/3 for 8 pts. Part 2 What is the quick ratio (aka the acid test)? 2+ decimals Submit
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