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Using the financial information of MNP Co. below, calculate its quick ratio for the period. Cash $12,000 Accounts receivable $37.000 Prepaid insurance $4,500 Equipment $45,000

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Using the financial information of MNP Co. below, calculate its quick ratio for the period. Cash $12,000 Accounts receivable $37.000 Prepaid insurance $4,500 Equipment $45,000 Accounts payable $40,000 Unearned revenue $8,000 Long term note payable $25,000 O 102 0 2.46 O 135 O11

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