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An extract of a balance sheet is given. What are the current ratio and the quick ratio?

Balance Sheet (extract), December 31st, 2xxx $
Cash 2,000
Cash at Bank 20,000
Accounts Receivable 5,500
Prepayments 1,500
Inventory 10,000
Accounts Payable 12,000
Wages Payable 1,500
Taxes Payable 1,500
The current ratio is 1.5:1 ,2.0:1 ,2.6:1
The quick ratio is 1.9:1 ,2.6:1 ,2.5:1

When a formula is solved for a particular variable, several different equivalent forms may be possible. if we solved a=1/2bh for h, one possible correct answer is h=2a/b . which one of the following is not equivalent to this? a. h= 2(a/b) b. h= 2a(1/b) c. h= a/1/2b d. h= 1/2a/b

Eileen purchased 3.4 pounds of apples at the total cost of $19.72. if she purchases 6.2 pounds of apples at this store, how much would it cost?

Asif spent $745.10 on 13 new file cabinets for his office. small file cabinets cost $43.50 and large file cabinets cost $65.95. write and solve a system of equations to find the number of small cabinets and large cabinets he purchased. determine if each statement is true or false. 1. he purchased 5 small cabinets. true or false 2. he purchased 7 large cabinets. true or false 3. he spent $527.60 on large cabinets. true or false