Question: (Determine missing information, LO 5) Use the information provided to determine the values for the missing information (indicated by screened boxes): weiter SERA Current assets

(Determine missing information, LO 5) Use the information provided to determine the values for the missing information (indicated by screened boxes):

weiter SERA Current assets on December 31, 2005 = ae Current ratio on December 31, 2005 = 1.25 Current liabilities on December 31, 2005 = $121,000 Quick assets on December 31, 2005 = $ ee :

Quick ratio on December 31, 2005 = 0.70 Accounts receivable on December 31, 2005 = $
Accounts receivable on December 31, 2004 = $45,000 Revenues (all on credit) during 2005 = $254,000 Average collection period of accounts receivable for 2005 =|
Accounts receivable turnover ratio for 2005 = 4.84

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