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An extract of a balance sheet is given. What are the current ratio and the quick ratio?

Balance Sheet (extract), December 31st, 2xxx $
Cash 2,000
Cash at Bank 20,000
Accounts Receivable 5,500
Prepayments 1,500
Inventory 10,000
Accounts Payable 12,000
Wages Payable 1,500
Taxes Payable 1,500
The current ratio is 1.5:1 ,2.0:1 ,2.6:1
The quick ratio is 1.9:1 ,2.6:1 ,2.5:1

2xxx$

Step-by-step explanation:

80%

step-by-step explanation:

infinitely many solutions

step-by-step explanation:

we have been given the equation;

2(2x + 3) = -4 + 2(2x + 5)

we need to determine the value of x.

2(2x + 3), we expand this expression to obtain 4x + 6

similarly 2(2x + 5) will become 4x + 10

now we have;

4x + 6 = -4 + 4x + 10

4x + 6 = 4x + 10 - 4

4x + 6 = 4x + 6

the expression on the left hand side is identical to the one on the right hand side. therefore, we are looking at just a single straight line whose equation is;

y = 4x + 6

consequently, we shall have infinitely many solutions