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The following information relates to the balance sheet of XYZ company at December 31,2017. . Current ratio 2:1 (2 by 1) Payable turnover 3 times

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The following information relates to the balance sheet of XYZ company at December 31,2017. . Current ratio 2:1 (2 by 1) Payable turnover 3 times Fixed asset turnover 4 times Cash $15,000 Account receivable $40,000 Accounts Payable is the only current liability Fixed asset for XYZ company will be equal to . a) 72.000 b) 90,000 C) 17.000 d) 162.000

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