On December 31, a company's records show the following information:

	in advance	10.000 $
	Accounts receivable	30.000
	Inventory	80.000
	prepaid insurance	6.000
	Long-Term Assets	200.000
	Accounts payable	30.000
	Promissory notes payable after 10 months	25.000
	Fees Payable	5.000
	long-term liabilities	70.000
	Equity of Shareholders (Owner)	196.000

1. Solve the following:

1. working capital ratio
2. current rate
3. fast rate

Answer rating: 100% (QA)

To calculate the working capital ratio current ratio and quick ratio we ... View the full answer