Mathematics, 14.04.2020 13:11 bubba24640

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An extract of a balance sheet is given. What are the current ratio and the quick ratio?

Balance Sheet (extract),
December 31st, 2xxx
Cash $2,000
Cash at Bank $20,000
Accounts Receivable $5,500
Prepayments $1,500
Inventory $10,000
Accounts Payable $12,000
Wages Payable $12,000
Taxes Payable $1,500

The current ratio is
The quick ratio is

Answers: 1

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