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

Current assets on December 31, 2004 = $925,000 Current ratio on December 31, 2004 = 1.32 Current liabilities on December 31, 2004 = bar Quick assets on December 31, 2004 = $210,000 Quick ratio on December 31, 2004 = nee Accounts receivable on December 31, 2004 = $175,000 Accounts receivable on December 31, 2003 =$ ~ —

Revenues (all on credit) during 2004 = $1,124,000 Average collection period of accounts receivable for 2004 = 47 days Accounts receivable turnover ratio for 2004 =