As of December 31, the Stanford company has the following information. Use this information to answer questions 1 to 3.

Cash $5,000

Accounts Receivable 15,000

Inventory 40,000

Prepaid Insurance 3000

Fixed Assets 100,000

Accounts Payable 15,000

Notes Payable in 5 Months 12,500

Salary Payable 25,000

Notes Payable in 5 years

35,000

Owner’s Equity 98,000As of December 31, the Stanford company has the following information. Use this information to answer questions 1 to 3.
Cash $5,000
Accounts Receivable 15,000
Inventory 40,000
Prepaid Insurance 3000
Fixed Assets 100,000
Accounts Payable 15,000
Notes Payable in 5 Months 12,500
Salary Payable 25,000
Notes Payable in 5 years
35,000
Owner’s Equity 98,000
2. What is the company's Current Ratio?
Question 3 options:

2.5

1.75

2.1

1.2

step-by-step explanation:

part a. the differences are decreasing, so we know the sequence is not arithmetic. the ratios are constant (=3/4), so we know the sequence is geometric.

part b. from part a, we know the common ratio is 3/4, so each term is 3/4 of the one before. the initial term is the number of gallons at h=1.

g[h] = (3/4)·g[h-1]

g[1] = 384 . . . . initial value required for a recursive definition

part c. the general formula for a geometric sequence is

a[n] = a[1]·r^(n-1)

we have a[1] = 384, r = 3/4, and the term number given by h. the formula that follows is

g[h] = 384·(3/4)^(h-1)

part d. filling in the value and doing the arithmetic, we have

g[12] = 384·(3/4)^11 ≈ 384·0.042235136 ≈ 16.2183 . . gallons

part e. each gallon is 4 quarts, so

16.2183 gal × 4 qt/gal = 64.8732 qt

im guessing (23,14). hope this : )

the answer is b.6

step-by-step explanation: