Respuesta :
Answer:
The correct answer is A
Explanation:
The current liabilities is computed as:
Current Assets (CA) = Quick assets (QA)+ Inventory (I)
CA = QA + $49,000
Acid test ratio = Quick assets / Current Liabilities (CL)
2.8 = QA / CL
QA = 2.8 × CL
Current Ratio (CR) = CA / CL
3.5 = CA / CL
Putting CA = QA + Inventory
3.5 = ( QA + $49,000) / CL
Now, Putting QA = 2.8 × CL
So,
3.5 = [( 2.8 × CL ) + $49,000] / CL
3.5 = 2.8 CL / CL + $49,000 / CL
3.5 = 2.8 + ($49,000 / CL)
3.5 - 2.8 = $49,000 / CL
0.7 = $49,000 / CL
CL = $49,000 / 0.7
CL = $70,000
Seabury Corporation's current liabilities must be $70,000.
What is the current liabilities?
Current ratio is the ratio of a firm's current assets to current liabilities.
Current ratio = current asset /current liability
Acid test ratio also known as the quick ratio measure the ability of short term assets to meet current liabilities
Acid test ratio = (current asset - inventory) / current liabilities
Current liabilities = (current ratio - acid test ratio) x (inventory)
3.5 - 2.8) x $49,000 = $70,000
To learn more about financial ratios, please check: https://brainly.com/question/26092288
