| Accounts payable |
$ 30,000
|
| Accounts receivable |
65,000
|
| Accrued liabilities |
7,000
|
| Cash |
20,000
|
| Intangible assets |
40,000
|
| Inventory |
72,000
|
| Long-term investments |
100,000
|
| Long-term liabilities |
75,000
|
| Marketable securities |
36,000
|
| Notes payable (short-term) |
20,000
|
| Property, plant, and equipment |
625,000
|
| Prepaid expenses |
2,000
|
_
9. Based on the above data, what is the amount of quick assets?
| a. | $163,000 |
| b. | $195,000 |
| c. | $121,000 |
| d. | $56,000 |
Answer
| c. | $121,000 |
10. Based on the above data, what is the amount of working capital?
a.
|
$238,000 |
b.
|
$138,000 |
c.
|
$178,000 |
d.
|
$64,000 |
Answer
c.
|
$178,000 |
11. Based on the above data, what is the quick ratio, rounded to one decimal point?
| a. | 2.4 |
| b. | 3.4 |
| c. | 2.1 |
| d. | 1.5 |
Answer
| c. | 2.1 |
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