Question: This is the 1st section of CHapter 3.14 self test problems. please help me solve them. What is the 1 3-14 Self-Test Problems the following
This is the 1st section of CHapter 3.14 self test problems. please help me solve them.

What is the 1 3-14 Self-Test Problems the following financial data for the Freemont Corporation are to be used in answering self-test problems 1-6. Balance Sheet ($000) Liabilities & Stockholders Equity $12,500 Accounts payable Assets $ 1,500 12,500 Cash Notes payable 2,500 Marketable securities Total current liabilities $25,000 15,000 22,000 Accounts receivable Long-term debt 33,000 Inventory Total liabilities $47,000 Total current assets $52,000 Common stock (par value) 5,000 Fixed assets (net) 35,000 Contributed capital in excess of par 18,000 Total assets $87,000 Retained earnings 17,000 Total stockholders' equity $40,000 Total liabilities and stockholders' equity $87,000 Income Statement ($000) Sales (all on credit) $130,000 Cost of sales 103,000 Gross margin $ 27,000 Operating expenses* 16,000 Earnings before interest and taxes $ 11,000 Interest expense 3,000 Earnings before taxes Income tax $ 8,000 Earnings after taxes 3,000 $ 5,000 "Includes $:2001000) in lease payments Other Information Stock price Book value/share $9.50 Number of shares $8.00 5,000 (000) ST1. Calculate the following liquidity ratios: a. Current ratio b. Quick ratio
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