A firm's long term assets = $75,000, total assets = $200,000, inventory = $25,000 and current liabilities =

A firm's long term assets = $75,000,
total assets = $200,000,
inventory = $25,000 and current liabilities = $50,000.

A. current ratio = 1.5; quick ratio = 2.0
B. current ratio = 1.0; quick ratio = 2.0
C. current ratio = 2.5; quick ratio = 2.0
D. current ratio = 0.5; quick ratio = 1.5

SOLUTION