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XYZ's Just Desert, Inc. manufactures Zeppoles and other edible arrangements. The following information has been selected from their recent balance sheet. Cash $75,000 Marketable Securities
XYZ's Just Desert, Inc. manufactures Zeppoles and other edible arrangements. The following information has been selected from their recent balance sheet.
Cash $75,000
Marketable Securities 18,000
Accounts Receivables 65,000
Inventories. 75,000
Prepaid Expenses. 25,000
Total Current Liabilities. 120,000
Total Liabilities. 250,000
Total stockholder's eq. 385,000
Using the above information, compute XYZ' Just Deserts quick assets and total current assets. Also compute the quick ratio, current ratio, and the working capital
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