How much cash does Gray Computer Co. have if the firm has a current ratio of 2.5, a quick ratio of 1.2, and current liabilities of $12,000? Gray's credit sales are $98,000 and its average collection period is 40 days. (Assume 365 days per year.)

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The Answer of How much cash does Gray Computer Co. have if the firm has a current ratio of 2.5, a quick ratio of 1.2, and current liabilities of $12,000? Gray's credit sales are $98,000 and its average collection period is 40 days. (Assume 365 days per year.)

How Much Cash Does Gray Computer Co