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Use the information in the adjusted in balance presented below to cut where the to ration for ZERO ONE Company 1. Current ratio 2. Quick
Use the information in the adjusted in balance presented below to cut where the to ration for ZERO ONE Company 1. Current ratio 2. Quick ratio 3. Which of the above ratios (from parti&) are more strict and why? Cr Dr 24,200 16,000 7,200 100.000 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated Depreciation Equipment Land Accounts payable nterest payable nearned revenue ing-term notes payable RO ONE, Capital 53,000 101.000 18,200 3,000 5,600 36,000 139,200 Totals 255,000 255,000
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