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Given the following post-closing trial balance, what is the quick (acid-test) ratio? CR DR 1,000 3,000 9,000 800 1,200 50,000 Cash Accounts Receivable Merchandise Inventory

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Given the following post-closing trial balance, what is the quick (acid-test) ratio? CR DR 1,000 3,000 9,000 800 1,200 50,000 Cash Accounts Receivable Merchandise Inventory Store Supplies Prepaid Insurance Store Equipment Accumulated Depreciation Accounts Payable Salaries Payable Notes Payable (due in 5 years) Common Stock Retained Earnings Total 12.000 2.500 500 10.000 15.000 65.000 65.000 1.15 0 1.33

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