Ratio Analysis 1. The current ratio for a company with current assets of $70,000, quick assets of $30,000, total assets of $150,000 current...

Ratio Analysis1. The current ratio for a company with current assets of $70,000, quick assets of $30,000, total assets of $150,000 current liabilities of $50,000 and net sales of $80,000 would be:A. 0.20.B. 1.40.C. 3.00. D. 1.00.2. Rick’s has a cash balance of $80,000; short-term investments of $20,000; net receivables of $60,000; and inventory of $450,000. Current liabilities total $200,000. Ricks’ acid test (quick ratio) is within:A. 3.05 to 1.B. 2.25 to 1.C. 0.80 to 1.D. 0.54 to 1.3. Isaiah Company has net income of $720,000, beginning total assets of $2,100,000, and