Question: Calculate current ratio and quick ratio based on following data? Current assets: Cash and cash equivalents $ 76,000 Marketable securities 110,000 Trade and other

Calculate current ratio and quick ratio based on following data? Current assets: Cash and cash equivalents $ Â

Calculate current ratio and quick ratio based on following data? Current assets: Cash and cash equivalents $ 76,000 Marketable securities 110,000 Trade and other receivables 230,000 Inventories 167,000 Prepayments 42,000 S 625,000 Total current assets Non-current assets: Long-term investments $ 450,000 900,000 $ 1,350,000 $ 1,975,000 Fixed assets Total current assets TOTAL ASSETS Current liabilities $ 350,000 900,000 725,000 Non-current liabilities Stockholders' equity TOTAL LIABILITIES & EQUITYS 1,975,000

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