URGENT

QUESTION 26 Account Balances for Hamdan Company at end of 2014 are as follows. Accumulated depreciation, $3,060; Accounts payable $2,750, Accounts receivable $3,200, Cash $1,500; common stock $6,250, Inventory $4,500; Long-Term debt $7,100; Plant, property, and equipment 14,800; Retained earnings 54,840. The value of total assets for the year-end is $20,940 $11,090 $11,740 $6,450 Hang identity QUESTION 22 Which of the following statements is TRUE? The current ratio is current assets divided by current liabilities. Total asset turnover is net income divided by total assets. The cash coverage ratio equals cash divided by current liabilities. The quick ratio equals current assets - current liabilities divided by current liabilities