Part of your job is to review customer requests for credit. You have three new credit applications on your desk and part of your analysis requires that the current ratios and quick ratios be compared.

a. Complete the following schedule (round to two decimal places).

b. Based only on the information provided, which applications will you approve/not approve and why?

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Account Kasta Nasta Dusta $2,920 Cash. Current nonstrategic investments Current receivables. $ 1,820 $ 2,620 $ 695 $11,290 $ 5,550 $25,800 $1,830 $3,390 $2,460 $ 440 $8,650 $3,870 $2,260 $1,740 Inventory. Prepaid expenses Land. Current liabilities Current ratio $1,190 $6,740 $3,020 $10,600 Quick ratio.