1. The following information relates to the balance sheet of XYZ company on December 31, 2017. 
2. 
   
3. • Current ratio 2:1 (2 by 1) Payable turnover 3 times Fixed asset turnover 4 times 
4. 
   
5. • Cash $15,000 
6. 
   
7. • Account receivable $40,000 Accounts Payable is the only current liability Fixed asset for XYZ company will be equal to:
8. 
   
9. a) 162,000 
10. 
    
11. b) 90,000 
12. 
    
13. c) 17,000 
14. 
    
15. d) 72,000