Question: Practical Exercise # 3 MGT102 Assignment #2 Use the information below to calculate the Current Ratio and the Acid-Test Ratio Current Assets Cash $4,000

Practical Exercise # 3 MGT102 Assignment #2 Use the information below to

Practical Exercise # 3 MGT102 Assignment #2 Use the information below to calculate the Current Ratio and the Acid-Test Ratio Current Assets Cash $4,000 Accounts Receivable $15,000 Prepaid Expense $2,500 Inventory $3,800 Current Liabilities Accounts Payable $10,000 Notes Payable S7,000 Unearned Revenue $1.000 Taxes Payable $3,000

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