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Organic Floral is an organic flower shop. After its first quarter of operations, the company's accountant prepared the following list of account balances, in alphabetical
Organic Floral is an organic flower shop. After its first quarter of operations, the company's accountant prepared the following list of account balances, in alphabetical order. Debit Credit $6,900 $600 39,600 39,000 3,000 Accounts payable Accounts receivable Bank loan for van (5096 due in next year) Cash Common stock Cost of goods sold Delivery van Gas for van Tax expense Insurance expense Inventory Prepaid insurance Rent expense Salaries expense 36,000 54,000 1,500 6,000 3,000 3,000 4,500 24,000 127 500 6,000 Taxes payable What is the quick ratio? What is the quick ratio? O Wone of the above
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