Moore Company has the following partial list of account balances at year-end:

Account payable $1,500

Accounts receivable 4,600

Cost of good sold 3,200

Cash 23,000

Taxes payable 10,000

Land 25,000

Notes payable( Due in6 months) 1.000

Salaries payable 900

Inventory 4,300

Requirements :

A.compute the quick ratio

B.Determine the amount of work capital

C. Assuming that cash is used pay the balance due on accounts payable

1.new compute the quick ratio

2.compute the new amount of work capital

D. Compute the accounts payable turnover ratio(use year end amounts)