Company Balance Sheet as of December 31, 2014 Assets Liabilities Current Assets Current Liabilities Cash $ 42.000 Accounts payable $ 30,000 Inventory 36,000 Short-term debt.. 42.000 Prepaid expense 12.000 Total current liabilities $72.000 Total current assets.. ... $ 90,000 Non-current Liabilities Non-current Assets Bond payable 34.000 Plant and equipment (net) 58.000 Owners' Equity Patent (net). 24.000 Common stock. - 20,000 Total Assets $ 170.000 Retained earnings 44,000 Total Liabilities and Owners' Equity $ 170,000 Quentin's current ratio on December 31, 2014, is .
a. 2.12
b. 1.52
c. 1.19
d. 0.53

d. 0.53

Explanation:

Current ratio is defined as a liquidity ratio, which helps to know if a company is able to meet up with its short term financial obligations.

Current ratio = Total current asset / Total asset

Given that;

Total current asset = $90,000

Total assets = $170,000

Quentin's current ratio = $90,000 / $170,000

= 0.529

= 0.53 approx.

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )