Question: Question 1 5 ( 2 . 5 points ) Determine Cash balance for Violet Inc.. Partial balance sheet data for Violet is as follows: Ccurrent

Question 15(2.5 points)Determine Cash balance for Violet Inc.. Partial balance sheet data for Violet is as follows: Ccurrent ratio of 5.0, a Quick ratio of 2.5, and Current liabilities of $12,000? Violet's Sales are $115,525, and its Average Collection Period is 40 days? (Assume 365 days per year.). Assume Violet's current assets includes only Cash, inventory and accounts receivables.

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