Question
The following is selected simplified information from Organic Catering's balance Sheet as at December 31, 2020 and December 31, 2021. (Round the final answer
The following is selected simplified information from Organic Catering's balance Sheet as at December 31, 2020 and December 31, 2021. (Round the final answer to two decimal places.) Cash (Numbers in thousands) Accounts receivable Notes receivable (current) Inventories Prepaid expenses and other (current) assets Current liabilities Total liabilities: Shareholders' equity Source: Organic Catering 2021 Annual Report Calculate the current ratio and quick ratio. 2021 2020 $ 6,501 $3,880 4,368 4,616 220 265 123 137 190 695 11,061 10,649 31,376 31,980 45,964 56,700 2021 2020 Current Ratio cos Quick Ratio
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