Q1) Based on information given below compute current ratio. Illustrate all work
Cash........................................... $1,000
Marketable Securities.................. $20,000
Equipment.................................... $30,000
Accounts Payable........................ $7,000
Common Stock.............................. $5,000
Q2) Compute contribution margin based on information given below. Make sure to show all work
Total Revenue................................. $70,000
Total variable costs..........................$10,000
Total fixed costs..............................$50,000