Peyton Approved										Balance Sheet										As of December 31, 2017																				Assets					Liabilities and Owners' Equity						Current Assets:					Current Liabilities:					Cash	 64,713.72 				Accounts Payable	 27,325.00 				Baking Supplies	 27,850.00 				Wages Payable	 22,800.00 				Merchandise Inventory (FIFO)	 25,750.00 				Interest Payable	 1,468.75 				Prepaid Rent	 7,500.00 				Total Current Liabilities		 51,593.75 			Prepaid Insurance	 400.00 									Office Supplies	 250.00 				Long Term Liabilities:					Accounts Receivable	 30,401.00 				Notes Payable	 10,000.00 				Total Current Assets		 156,864.72 			Loans Payable	 21,000.00 									Total Long Term Liabilities:		 31,000.00 								Total Liabilities:		 82,593.75 																							Long Term/Fixed Assets:										Baking Equipment	 17,000.00 				Common Stock	 30,000.00 				     Accumulated Depreciation	 5,928.58 				Retained Earnings 	 63,642.39 						 11,071.42 								Leasehold Improvements	 10,000.00 				Total Equity 		 93,642.39 			     Accumulated Amortization	 4,000.00 	 6,000.00 																		Trademark	 2,300.00 	 2,300.00 																		Total Assets:		 176,236.14 			Total Liabilities & Equity 		 176,236.14 																																																																																																																																																																											How do I calculate the quick ratio??