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liability is 97,000 (3) Assume that ABC Company has the following current assets and current liabilities: Cash=$50.000. Accounts Receivables= $40,000, Inventory=$75,000. Short-term investments= $20,000. Prepaid

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(3) Assume that ABC Company has the following current assets and current liabilities: Cash=$50.000. Accounts Receivables= $40,000, Inventory=$75,000. Short-term investments= $20,000. Prepaid expenses= $80,000. Please show calculations for the following: (a) Current Ratio (b) Quick Ratio (C) Bases on the calculations in (a) and (b) what can you conclude about ABC Company

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