Question: Given the following partial Balance Sheet, and a current ratio of 2.0, determine the Current Liabilities, Notes Payable and Quick Ratio. 2017 1,000,000 ASSETS 2017

Given the following partial Balance Sheet, and a current ratio of 2.0, determine the Current Liabilities, Notes Payable and Quick Ratio. 2017 1,000,000 ASSETS 2017 3,000,000 1,600,000 1,400,000 LIABILITIES Cash A/R Inventory Total Current Assets Accounts Payable Notes Payable Accrued Liabilities Total Current Liabilities 900,000 Notes Payable Total Current Liabilities Quick Ratio

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