Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 15,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities
Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 15,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 400,000 Prepaid expenses 2,000
Based on the above data, what is the amount of quick assets?
$158,000
$50,000
$86,000
$52,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started