Question
Part of your job is to review customer requests for credit. You have three new credit applications on your desk and part of you
Part of your job is to review customer requests for credit. You have three new credit applications on your desk and part of you analysis requires that the current ratios and quick ratios be compared. a. Complete the following schedule. (Round the final answers to 2 decimal places.) Account Kasta Nasta Dusta Cash $ 3,220 $ 2,150 $ 3,240 Current non-strategic investments $ 0 $ 0 $ 1,220 Current receivables $ 4,230 $ 1,510 $ 510 Inventory $ 1,300 $ 1,870 $ 15,280 Prepaid expenses $ 660 $ 1,240 $ 2,650 Land $ 7,300 $ 7,100 $ 26,600 Current liabilities $ 3,910 $ 2,960 $ 11,120 Current ratio 1 1 1 Quick ratio 1 1 1
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