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Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $30,000 Accounts receivable 68,000 Accrued liabilities 8,000 Cash
Based on the following data, what is the quick ratio, rounded to one decimal point?
| Accounts payable | $30,000 |
| Accounts receivable | 68,000 |
| Accrued liabilities | 8,000 |
| Cash | 31,000 |
| Intangible assets | 54,000 |
| Inventory | 79,000 |
| Long-term investments | 85,000 |
| Long-term liabilities | 118,000 |
| Short-term Marketable securities | 33,000 |
| Fixed assets | 682,000 |
| Prepaid expenses | 11,000 |
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
