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Question # 2 Use the following information and compute current and quick ratios (2 Marks) Cash Rs 80,000 Accounts Receivable 20,000 Accounts Payable 40,000 Inventory

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Question # 2 Use the following information and compute current and quick ratios (2 Marks) Cash Rs 80,000 Accounts Receivable 20,000 Accounts Payable 40,000 Inventory 45,000 Notes payable 20,000 Prepaid insurance. 10,000 Salaries due in 5 months. Creditors 20,000 20,000

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