Calculate the working capital ratio and the quick asset

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Question

The current asset of a business amount to $230.000 and the current liabilities total $220.000. included in these figures are amount for stock of $40,000 and an overdraft of $90,000.

a. calculate the working capital ratio and the quick asset.

b. given the ratio, how would you describe the business's position re its liquidity.

Reference no: EM132329288

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