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Intro Use the following information to answer the questions: Assets Liabilities and Equity Cash 11,000 Accounts payable 20,000 Marketable securities 2,000 Notes payable 6,000 Accounts

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Intro Use the following information to answer the questions: Assets Liabilities and Equity Cash 11,000 Accounts payable 20,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 5,000 Current liabilities 26,000 Inventory 34,000 Long-term debt 95,000 Current assets 52,000 Total liabilities 121,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 25,000 Fixed assets 114,000 Equity 45,000 Total assets 166,000 Total liab. & equity 166,000 Part 1 What is the quick ratio (aka the acid test)? 2+ decimals Submit Attempt 2/10 for 10 pts

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