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Questions 32-34: Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment
Questions 32-34: Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses s 40,000 65,000 7,000 30,000 40,000 72,000 110,000 75,000 36,000 30,000 625,000 2,000 32.Based on the above data, what is the amount of quick assets? a. $205,000 b. $203,000 c. $131,000 d. $66,000 33.Based on the above data, what is the amount of working capital? a. $238,000 b. $128,000 c. $168,000 d. $203,000 34.Based on the above data, what is the quick ratio, rounded to one decimal point? a. 2.7 b. 2.6 c. 1.7 d. 0.9 35.The independent auditor's report does which of the following? describes which financial statements are covered by the audit gives the auditor's opinion regarding the fairness of the financial statements summarizes what the auditor did states that the financial statements were presented on time a. c. d
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