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Calculate the ratio of total assets that creditors provide

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Reference no: EM132911612

At December 31 a company's records show the following information:

Cash - 10,000

Accounts Receivable - 30,000

Inventory - 80,000

Prepaid Insurance - 6,000

Property, Plant and Equipment - 200,000

Accounts Payable - 30,000

Unearned Service Income - 25,000

Salaries Payable - 5,000

Non-current Liabilities - 70,000

Stockholders' Equity - 196,000

Problem 1. Compute for the company's current ratio.

Problem 2. Compute for the company's quick ratio.

Problem 3. Calculate the ratio of the total assets that creditors provide.

Reference no: EM132911612

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