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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

92

Step-by-step explanation:

answer: city needs 2.4 inches of rainfall more to match the record of 40 inches.

step-by-step explanation:

since we have given that

total annual rainfall a city record = 40 inches

this year, total rainfall recorded = 37.6 inches

number of inches of rainfall   is needed to match the record of 40 inches is given by

hence, city needs 2.4 inches of rainfall more to match the record of 40 inches.

multiple all that

step-by-step explanation:

27×17