Question: I need help in finding the current ratio, the quick ratio and earnings per share The following information is obtained from the financial records of

I need help in finding the current ratio, the quick ratio and earnings per share

The following information is obtained from the financial records of Weekend Corporation for the year ended December 31, 2019: Accounts Payable 180,000 Accounts Receivable 320,000 Allowance for Bad Itebt 20,000 Cash 205,000 Common Stock ($5 Par Value) 600,000 Common Stock-Additional Paid-in Capital 150,000 Current Portion of Long-Term Debt 30,000 Interest Payable 22,000 Marketable Securities 135,000 Merchandise Inventory 210,000 Mortgage Payable 125,000 Notes Payable 30,000 Notes Receivable 27,000 Notes Receivable (Due in 2023) 43,000 Prepaid Insurance 2,000 Prepaid Rent 4,000 Plant Assets 800,000 Accumulated Depreciation-Plant Assets 240,000 Salaries Payable 13,000 Supplies 8,000 Taxes Payable 12,000 Unearned Revenue 8,000 2019 Net Income was 480,000. REQUIRED: Calculate (1) The Current Ratio (2) The Quick Ratio and (#) Earnings Per Share

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