Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines 8.000 2.000 5,000 45,000 60.000 34,000 80.000 114,000 174,000 Liabilities and Equity Accounts payable 21,000 Notes payable 6,000 Current liabilities 27.000 Long-term debt 95.000 Total liabilities 122,000 Paid-in capital 20.000 Retained earnings 32,000 Equity 52.000 Total liab. & equity 174,000 Real estate Fixed assets Total assets - Attempt 113 for 10 pts. Part 1 What is the quick ratio (aka the acio test)? 2 decimas