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 ____ 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 ____ 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

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