Business, 07.03.2021 23:10 mullery7482

As of December 31, the Stanford company has the following information. Use this information to answer questions 1 to 3. Cash $5,000
Accounts Receivable 15,000
Inventory 40,000
Prepaid Insurance 3000
Long-term Assets 100,000
Accounts Payable 15,000
Notes Payable in 5 Months 12,500
Salary Payable 25,000
Notes Payable in 5 Years
35,000
Owner’s Equity 98,000
1. What is the company's Quick Ratio?

Question 1 options:

1.70

0.70

0.38

1.25

Question 2 (10 points)
As of December 31, the Stanford company has the following information. Use this information to answer questions 1 to 3.

Cash $5,000
Accounts Receivable 15,000
Inventory 40,000
Prepaid Insurance 3000
Fixed Assets 100,000
Accounts Payable 15,000
Notes Payable in 5 Months 12,500
Salary Payable 25,000
Notes Payable in 5 years
35,000
Owner’s Equity 98,000
2. What is the company's Working Capital?

Question 2 options:

12,500

10,500

15,000

15,500

Question 3 (10 points)
As of December 31, the Stanford company has the following information. Use this information to answer questions 1 to 3.

Cash $5,000
Accounts Receivable 15,000
Inventory 40,000
Prepaid Insurance 3000
Fixed Assets 100,000
Accounts Payable 15,000
Notes Payable in 5 Months 12,500
Salary Payable 25,000
Notes Payable in 5 years
35,000
Owner’s Equity 98,000
2. What is the company's Current Ratio?

Question 3 options:

2.5

1.75

2.1

1.2

Answers: 2

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