A company has the following information in its balance sheet:

• Cash: $10,000
• Accounts Receivable: $20,000
• Inventory: $30,000
• Accounts Payable: $15,000 Calculate the company's current ratio and quick ratio.

Now, A company has the following information in its income statement:

• Sales: $500,000
• Cost of Goods Sold: $300,000
• Operating Expenses: $150,000 Calculate the company's gross profit margin, operating profit margin, and net profit margin. (10 marks)

Answer rating: 100% (QA)

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