Question 17 Basic Earnings per Share disclosure is required under which accounting standard? Not yet answered Marked out of 100 Select one: F Flag question O a Accounting Standards for Private Enterprises O b. Financial Accounting Criteria (Standards) O c. Canada Revenue Agency Standards O d. International Financial Reporting Standards Question 18 Lake Company reported the following amounts in their most recent financial statements: Accounts payable $ 1,500 Not yet answered Accounts receivable $ 2,500 Marked out of 1.00 Bank loan payable (due in five years) $12,000 Flag question Cash $ 3,000 $ 4,000 Inventory Notes payable (due within one year) Prepaid insurance $ 2,900 $ 500 Insurance expense $ 1,200 Wages payable $ 800 Question 18 Note answered Lake Company reported the following amounts in their most recent financial statements: Accounts payable $ 1.500 Accounts receivable $ 2,500 Bank loan payable (due in five years) $12,000 Cash $ 3,000 Marked out of 100 Flag question $ 4,000 Inventory Notes payable (due within one year) Prepaid insurance $ 2,900 $ 500 Insurance expense $ 1,200 Wages payable $ 800 Quick Ratio = current assets - inventory-prepaid expenses current liabilities Required: What is the Quick Ratio? Select one: O a 1.06 O b. 1.29 O c. 0.32 Od 0.39