Question
Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $31,000 Accounts receivable 61,000 Accrued liabilities 10,000 Cash
Based on the following data, what is the quick ratio, rounded to one decimal point?
| Accounts payable | $31,000 |
| Accounts receivable | 61,000 |
| Accrued liabilities | 10,000 |
| Cash | 36,000 |
| Intangible assets | 60,000 |
| Inventory | 75,000 |
| Long-term investments | 84,000 |
| Long-term liabilities | 120,000 |
| Marketable securities | 37,000 |
| Fixed assets | 688,000 |
| Prepaid expenses | 1,000 |
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Accounting
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
9th edition
1118608224, 1118608227, 730323994, 9780730323990, 730319172, 9780730319177, 978-1118608227
