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Problem 1 Intro Use the following information to answer the questions: Assets Liabilities and Equity Cash 13,000 Accounts payable 22,000 Marketable securities 6,000 2,000 Notes

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Problem 1 Intro Use the following information to answer the questions: Assets Liabilities and Equity Cash 13,000 Accounts payable 22,000 Marketable securities 6,000 2,000 Notes payable Accounts receivable 5,000 Current liabilities 28,000 Inventory 38,000 Long-term debt 95,000 Current assets 58,000 Total liabilities 123,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 29,000 Fixed assets 114,000 Equity 49,000 Total liab. & Total assets 172,000 172,000 equity Part 1 Attempt 1/5 for 2 pts. What is the quick ratio (aka the acid test)? 2+ decima Submit

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