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
