MARNI COMPANY Balance Sheet As of December 31 ASSETS Cash Accounts receivable Inventory Net plant and equipment Total assets $ 50,000 100,000 200,000 650,000 $1,000,000 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable Accrued expenses Long-term debt Common stock Paid-in capital Retained earnings Total liabilities and stockholders' equity $ 100,000 90,000 250,000 100,000 50,000 410,000 $1,000,000 MARNI COMPANY Income Statement For the year ended December 31 Sales (all on credit) Cost of goods sold Gross profit $2,000,000 1,750,000 $ 250,000 12 80 83 DOO od FS 44 F7 IN FB 19 # 2 3 $ 4 % 5 * So co 43 57 4 SVO 2 # 3 A 4 % 5 6 & 7 * o 0 W E R T Y U I O P { S S D F G H. J Saved Refer to the tables above. Marni's quick ratio is Multiple Choice 1841 0.791 0.34:1 None of the options * F2 80 DOC DOG . F16 2 # 3 $ 4 * 5 6 & 7 8 0 W E R T Y U 1 0 S DF G H . J J L