Bill's Crafts reported $36 500 for current assets and $10 500 for other assets. The business also had $15 000 of current liabilities. Quick assets totalled $9000, and long-term liabilities totalled $25 000.
a. What was Bill's current ratio?
b. What was Bill's quick ratio?
c. What was Bill's debt ratio?
d. What was Bill's owner's equity?

Question

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The Answer of Bill's Crafts reported $36 500 for current assets and $10 500 for other assets. The business also had $15 000 of current liabilities. Quick assets totalled $9000, and long-term liabilities totalled $25 000.
a. What was Bill's current ratio?
b. What was Bill's quick ratio?
c. What was Bill's debt ratio?
d. What was Bill's owner's equity?

Bill's Crafts Reported $36 500 for Current Assets and $10