SDJ, Inc., has net working capital of $2,060, current liabilities of $5,550, and inventory of $1,250. What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current ratio times What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Quick ratio times

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Question:

SDJ, Inc., has net working capital of $2,060, current liabilities of $5,550, and inventory of $1,250. What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current ratio times What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Quick ratio times

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Answer: Current ratio = 1.37Quick ratio = 1.15Explanation:The following can be deduced from the question:Current assets is the addition of the net working capital and the current liabilities. This will be:= $2060 + $5550 = $7610The Current ratio will be the current assets divided by the current liabilities. This will be:= $7610/$5550 Current ratio = 1.37 Quick ratio will be the subtraction of invention form the current asset and the result gotten is divided by the current liabilities. This will be:= ($7610 - $1250)/$5550 = $6360/$5550= 1.15

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