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Suppose Lucy's Luxury Shoppe has cash of $8,745, inventory $36,287, fixed assets of $14,204, accounts payable of $66,410, and accounts receivable of $20,033. What is

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Suppose Lucy's Luxury Shoppe has cash of $8,745, inventory $36,287, fixed assets of $14,204, accounts payable of $66,410, and accounts receivable of $20,033. What is the current ratio? (Hint: determine CA and CL from the story problem. Remember that sometimes information is extraneous) 1.02 0.84 1.194 0.67 0.98 Question 2 1 pts Suppose you are analyzing a competitor of Lucy's Luxury Shoppe and determine cash of $2,000, accounts receivable of $3,700, fixed assets of $10,900, accounts payable of $6,600, and inventory of $4,100. What is the quick ratio? 0.30 1.48 3.30 O 0.67 0.86

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