what is the current ratio for ABC?

courses/ 35017 1/ct/outline Question Completion Status: Use the following ABC Company Balance Sheet for questions 5-7 S 3,000 Cash 5,000 Accounts Payble Accounts Receivable Short term notes 2,000 1,000 1,000 4,000 Current portion of LTD Inventory 12,000 1,000 Other Other S 7,000 22,000 Total Current Liabilities Total Current Assets Long Term Debt 14,000 PP&E 15,000 S 21,000 Total Liabilities Accumulated Depreciation 2,000 13,000 PP&E, net Common Stock 6,000 14.000 Retained Earnings Total Stockholder's Equity 20,000 6,000 Goodwill Total Liabilities and Equity S 41,000 41,000 Total Assets What is the Current Ratio for ABC? 1.0:1 1.43:1 Click Save and Submit to save and submit. Click Save All Answers to save all ansuers Save and Save All Answers PP urses/ 35017 1/c/outline Question Completion Status: T43.T 3.14:1 5.9:1 12.5 p QUESTION 6 What is the Acid Test/Quick Ratio for ABC? 1.0:1 1.43:1 e3.14:1 5.9:1 Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers ourses/ 35017 1/dl/outline Question Completion Status: 5.9:1 QUESTION 7 12.5 F What is the Common Size entry for Inventory for ABC? 29.3 54.5% 100.0% None of the above 12.5 poi QUESTION 8 Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers Home d altra/courses/ 35017 1/0/outline Question Completion Status: None or the above QUESTION 8 What is the Debt to Total Assets ratio for ABC? 34.19% 50.0% 51.2% 71.4% Click Save and Submit to save and submit. Click Save All Answers to save all ansuers Save All An- nd