| 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 |