The dollar amount of merchandise inventory is A. $28,800 Let N = be the missing number 1.) N/$45,000 = 2.65/1 (cross multiply to get the current assets) N = $119,250 2.) N/$45,000 = 2.01 (cross multiply to get current the quick assets) N = $90,450 3.) Since there are no prepaid expenses, subtract current quick assets from the current assets to get the merchandise inventory $119,250 - $90,450 = $28,800
