Question
Intro Use the following information to answer the questions: Assets Liabilities and Equity Cash 8,000 Accounts payable 21,000. Marketable securities 2,000 Notes payable 6,000
Intro Use the following information to answer the questions: Assets Liabilities and Equity Cash 8,000 Accounts payable 21,000. Marketable securities 2,000 Notes payable 6,000 Accounts receivable 7,000 Current liabilities 27,000 Inventory 23,000 Long-term debt 95,000 Current assets 40,000 Total liabilities 122,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 12,000 Fixed assets 114,000 Equity 32,000 Total assets 154,000 Total liab. & equity 154,000 Part 1 What is the quick ratio (aka the acid test)? 2+ decimals Submit Attempt 1/10 for 10 pts.
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