Homework Answers
rate positively ..
| Given that - | ||||||||
| Current ratio = | 1.8 | |||||||
| Current liabilities = | 52000 | |||||||
| Therefore current asset = 1.8*52000 | 93600 | |||||||
| Quick ratio = | 1.6 | |||||||
| therefore current asset - (inventory +prepaid expenses) = | 1.6*52000 | |||||||
| 83200 | ||||||||
| Inventory and prepaid expenses = 93600-83200 | 10400 | |||||||
| ans = | $ 10,400 |
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