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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 60,000 Accrued liabilities 5,000 Cash
Based on the following data, what is the quick ratio, rounded to one decimal point?
Accounts payable | $30,000 |
Accounts receivable | 60,000 |
Accrued liabilities | 5,000 |
Cash | 40,000 |
Intangible assets | 50,000 |
Inventory | 69,000 |
Long-term investments | 80,000 |
Long-term liabilities | 100,000 |
Marketable securities | 30,000 |
Fixed assets | 670,000 |
Prepaid expenses | 1,000 |
a.5.1
b.2.9
c.3.7
d.4.3
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