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Mathematics, 06.04.2020 16:54 maxy7347go
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 98,000As 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
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