Thickburger's net fixed assets = $200,000, total assets = $400,000, inventory =$50,000 and current liabilities = $100,000. All assets are classified as beingeither "current assets" or "fixed assets". What is the firm's current ratio?b. What is Thickburger's quick ratio?

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Chapter12: Fainancial Statement Analysis
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Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...
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Thickburger's net fixed assets = $200,000, total assets = $400,000, inventory =
$50,000 and current liabilities = $100,000. All assets are classified as being
either "current assets" or "fixed assets". What is the firm's current ratio?
b. What is Thickburger's quick ratio?

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