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Accounts payable $40,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 30,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 110,000 Long-term liabilities 75,000 Marketable securities 36,000
| Accounts payable | $40,000 |
| Accounts receivable | 65,000 |
| Accrued liabilities | 7,000 |
| Cash | 30,000 |
| Intangible assets | 40,000 |
| Inventory | 72,000 |
| Long-term investments | 110,000 |
| Long-term liabilities | 75,000 |
| Marketable securities | 36,000 |
| Notes payable (short-term) | 30,000 |
| Property, plant, and equipment | 625,000 |
| Prepaid expenses | 2,000 |
What is the quick ratio, rounded to one decimal point?
a.2.7
b.2.6
c.0.9
d.1.7
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Financial Accounting
Authors: John Hoggett, Lew Edwards, Evelyn Hogg, John Medlin, Matthew Tilling
8th Edition
1742466362, 978-1742466361
