Question: Question 2 Using the following information, calculate the Current and Quick Ratios and show all your calculations. (10 marks) Assets: Cash 110,000 Accounts receivable 160,000

Question 2 Using the following information, calculate the Current and Quick Ratios and show all your calculations. (10 marks) Assets: Cash 110,000 Accounts receivable 160,000 Inventory 150,000 Supplies 80,000 Liabilities: Unearned revenue 45,000 Accounts payable 70,000 Interest payable 15,000 Insurance payable 20,000 Note payable (2 years) 500,000 TTT Arial 32nti

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