josecano2
josecano2
14.04.2020 • 
Mathematics

Select the correct answer from the drop-down menu.
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

Solved
Show answers

Ask an AI advisor a question