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please help me with the excel formula for the quick ratio.SDJ, Inc., has net working capital of $2,710, current liabilities of $3,950, and inventory of $3,420. What is the current rat

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Answer #1
1) Current ratio = Current Assets / Current Liabilities
= $ 6,660.00 / $ 3,950.00
= 1.69
Working:
Current Assets = Net Working Capital + Current Liabilities
= $ 2,710.00 + $ 3,950.00
= $ 6,660.00
2) Quick Ratio = Quick Assets / Current Liabilities
= $ 3,240.00 / $ 3,950.00
= 0.82
Working:
Quick Assets = Current Assets - Inventory
= $ 6,660.00 - $ 3,420.00
= $ 3,240.00
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