Question
Accounts payable $ 45,000 Accounts receivable 68,000 Accrued liabilities 17,000 Cash 32,000 Intangible assets 40,000 Inventory 71,000 Long-term investments 110,000 Long-term liabilities 78,000 Marketable securities
| Accounts payable | $ 45,000 |
| Accounts receivable | 68,000 |
| Accrued liabilities | 17,000 |
| Cash | 32,000 |
| Intangible assets | 40,000 |
| Inventory | 71,000 |
| Long-term investments | 110,000 |
| Long-term liabilities | 78,000 |
| Marketable securities | 34,000 |
| Notes payable (short-term) | 20,000 |
| Property, plant, and equipment | 615,000 |
| Prepaid expenses | 4,000 |
Based on the above data, what is the amount of quick assets?
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
Research Methods In Accounting
Authors: Malcolm Smith
5th Edition
1526490676, 978-1526490674
