Use the following information to answer the questions: Assets Liabilities and Equity Cash 10,000 Accounts payable 20,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 5,000 Current liabilities 26,000 Inventory 31,000 Long-term debt 95,000 Current assets 48,000 Total liabilities 121,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 21,000 Fixed assets 114,000 Equity 41,000 Total assets 162,000 Total liab. & equity 162,000 Part 1 Attempt 1//3 for 10 pts. What is the quick ratio (aka the acid test)