Question: table [ [ , Fusionista,Oceanic,,Fusionista,Oceanic ] , [ Assets , , , Liabilities & Equity,, ] , [ Current assets:,,,Current liabilities:,, ] , [

\table[[,Fusionista,Oceanic,,Fusionista,Oceanic],[Assets,,,Liabilities & Equity,,],[Current assets:,,,Current liabilities:,,],[Cash:,4,592,2,952,Accounts payable,0,0],[Accounts receivable,1,680,1,080,Accruals,1,012.5,0],[Inventories,4,928,3,168,Notes payable,5,737.5,5,400],[Total current assets,11,200,7,200,Total current liabilities,6,750,5,400],[Net fixed assets:,,,Long-term bonds,8,250,6,600],[Net plant and equipment,8,800,8,800,Total debt,15,000,12,000],[,,Common equity,,],[,,Common stock,3,250,2,600],[,,Retained earnings .,1,750,1,400],[,,Total common equity,5,000,4,000],[Total assets,20,000,16000,Total liabilities and equity,20,000,16000]]
Oceanic's current ratio is and its quick ratio is whereas Fusionista's current ratio is and its quick ratio is
 \table[[,Fusionista,Oceanic,,Fusionista,Oceanic],[Assets,,,Liabilities & Equity,,],[Current assets:,,,Current liabilities:,,],[Cash:,4,592,2,952,Accounts payable,0,0],[Accounts receivable,1,680,1,080,Accruals,1,012.5,0],[Inventories,4,928,3,168,Notes payable,5,737.5,5,400],[Total current assets,11,200,7,200,Total current

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!