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Mathematics, 06.01.2020 04:31 lucy8070
As of december 31, the stanford company has the following information. use this information to answer questions 1 to 3.
cash $5,000
accounts receivable 15,000
inventory 40,000
prepaid insurance 3000
fixed assets 100,000
accounts payable 15,000
notes payable in 5 months 12,500
salary payable 25,000
notes payable in 5 years
35,000
owner’s equity 98,000
2. what is the company's working capital?
question 2 options:
12,500
10,500
15,000
15,500
what is the company's quick ratio?
1.70
0.70
0.38
1.25
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Answers: 3
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