Question: Calculate the following based on the data in Table Q1(a): (i) Current ratio (ii) Quick ratio (iii) Absolute liquid ratio (iv) Liquid assets Liabilities Accounts

Calculate the following based on the data in Table Q1(a):

Calculate the following based on the data in Table Q1(a): (i) Current

(i) Current ratio (ii) Quick ratio (iii) Absolute liquid ratio (iv) Liquid assets

Liabilities Accounts payable Accrued payable Notes payable $15,000 $ 5,000 $ 8,000 Assets Cash and Bank Marketable Securities Inventories Prepaid expenses Account receivables, net A $ 5,000 $18,000 $10,000 $ 500 $ 8,000 A A Table Q1(a)

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