Based on the above data, what is the amount of quick assets?
A) $168,000
B) $96,000
C) $60,000
D) $61,000

Name: Based on the above data, what is the amount of quick assets? A) $168,000 B) $96,000 C) $60,000 D) $61,000
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Question

Based on the above data, what is the amount of quick assets?
A) $168,000 
B) $96,000 
C) $60,000 
D) $61,000

Quizplus · Accepted Answer

Quick assets are calculated by subtracting inventory from current assets. From the given data, current assets are $168,000 and inventory is $72,000. Therefore, quick assets = $168,000 - $72,000 = $96,000. Hence, option B is the correct answer.

Based on the Above Data, What Is the Amount of Quick