A firm’s balance sheet contains $320 of cash, $2,000 of fixed assets, $1,580 of accounts receivable, $840 of accounts payable, $500 of inventory, and $1,060 on a revolving line of credit. Assuming that list contains all of the company’s assets and liabilities:
How much are current assets? (Show calculation)
What is the company’s quick ratio? (Show calculation)
What is the company’s book value? (Show calculation)