Question
Vanity Dog Products had the following account balances. 2019 2020 Cash $76,000 $89,000 Marketable Securities 135,000 98,000 Accounts Receivable 67,800 99,500 Inventory 45,000 25,000
Vanity Dog Products had the following account balances. 2019 2020 Cash $76,000 $89,000 Marketable Securities 135,000 98,000 Accounts Receivable 67,800 99,500 Inventory 45,000 25,000 Plant Assets 145,000 155,000 Accounts Payable 145,600 199,500 Notes Payable, Short Term 25,000 45,000 Notes Payable, Long Term 100,000 55,000 Mortgage Payable 145,000 145,000 Common Stock 1,000,000 1,000,000 Retained Earnings 265,000 297,500 Required: Compute the following: When required, round your answers to two decimal places. 1. The 2019 Quick Ratio 2. The 2019 Current Ratio 3. The 2020 Quick Ratio
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