FINAL EVALUATION GRANITE BAY JET SKI II NAME CLASS DAY AND TIME 1. What is the net realizable value of the Accounts Receivable? 2. On the June 30, Balance Sheet, what is the "net worth" or "net assets" of the business? 3. What is the book value of Shop Equipment? 4. What is the current ratio for Granite Bay Jet Ski, Incorporated? A. 10.56 B. 11.01 C. 11.41 D. 11.91 E. None of the above 5. What is the acid test quick) ratio of the business? A. 4.56 B. 5.01 C. 5.08 D. 5.13 E. None of the above 6. Does Granite Bay Jet Ski have enough cash on hand to meet current debt? Answer Y for Yes or N for No. 7. Identify by customer number, the customer who has the smallest outstanding balance on June 30? 8. Does any customer currently have a balance that is past due? Granite Bay Jet Ski, Incorporated, extends net 30 terms to all customers. Answer Y for Yes or N for No. 9. Examine the Royal Bar Jetters account. On or before what date should the balance of invoice G3971 be received? A. June 16 B. July 17 C. July 18 D. July 1