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Use the following information to answer the questions: Assets Liabilities and Equity Cash 9,000 Accounts payable 21,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable

Use the following information to answer the questions:

Assets Liabilities and Equity
Cash 9,000 Accounts payable 21,000
Marketable securities 2,000 Notes payable 6,000
Accounts receivable 3,000 Current liabilities 27,000
Inventory 43,000 Long-term debt 95,000
Current assets 57,000 Total liabilities 122,000
Machines 34,000 Paid-in capital 20,000
Real estate 80,000 Retained earnings 29,000
Fixed assets 114,000 Equity 49,000
Total assets 171,000 Total liab. & equity 171,000

What is the quick ratio (aka the acid test)?

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