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What abc corp quick ratio is after the payment

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The following data were taken from the balance sheet of ABC Corp., on December 31:

Cash....................................................................................... $192,000

Accounts Receivable...(net)........................... .............................. $48,000

Inventory...(net)....................................................................... $60,000

Fixtures(net of depreciation)........................................................$256,000

Mortgage payable (due in 25 years)................................................ $179,200

Note Payable (due in 10 days).......................................................$100,000

Accounts Payable (to suppliers of inventory)....................................$50,000

Question a. ABC Corp.'s quick ratio is:

Question b. ABC Corp.'s current ratio is:

Assume that ABC Corp. pays $30,000 of the $50,000 balance of accounts payable on December 31.

Question c. After the payment, ABC Corp.'s quick ratio is:

Question d. After the payment, ABC Corp.'s working capital is:

Reference no: EM132643929

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