Extracts from the balance sheet of Atlantis Inc. are as follows:
$$2015$$ Assets
Current Assets:
$$\begin{array} { l l }
\text { Cash and Cash Equivalents } & \$ 30,000 \
\text { Accounts Receivable, Net } & 65,000 \
\text { Merchandise Inventory } & \underline{50,000} \
\text { Total Current Assets } &\underline{ \$ 1 45,000} \
\text { Long-term Investments } & 150,000 \
\text { Property, Plant, and Equipment, Net } & \underline { 250,000 } \
\text { Total Assets } &\underline{ \$ 545,000} \
\text { Total Cument Liabilities } & \$ 150,000
\end{array}$$ Compute the quick ratio.

Question

Extracts from the balance sheet of Atlantis Inc. are as follows:
 $$2015$$ Assets
Current Assets:
 $$\begin{array} { l l } 
\text { Cash and Cash Equivalents } & \$ 30,000 \
\text { Accounts Receivable, Net } & 65,000 \
\text { Merchandise Inventory } & \underline{50,000} \
\text { Total Current Assets } &\underline{ \$ 1 45,000} \
\text { Long-term Investments } & 150,000 \
\text { Property, Plant, and Equipment, Net } & \underline { 250,000 } \
\text { Total Assets } &\underline{ \$ 545,000} \
\text { Total Cument Liabilities } & \$ 150,000
\end{array}$$ Compute the quick ratio.

Quizplus · Accepted Answer

The Answer of Extracts from the balance sheet of Atlantis Inc. are as follows:
 $$2015$$ Assets
Current Assets:
 $$\begin{array} { l l } 
\text { Cash and Cash Equivalents } & \$ 30,000 \
\text { Accounts Receivable, Net } & 65,000 \
\text { Merchandise Inventory } & \underline{50,000} \
\text { Total Current Assets } &\underline{ \$ 1 45,000} \
\text { Long-term Investments } & 150,000 \
\text { Property, Plant, and Equipment, Net } & \underline { 250,000 } \
\text { Total Assets } &\underline{ \$ 545,000} \
\text { Total Cument Liabilities } & \$ 150,000
\end{array}$$ Compute the quick ratio.

Extracts from the Balance Sheet of Atlantis Inc 201520152015 Assets Current Assets

Extracts from the Balance Sheet of Atlantis Inc $2015$ Assets
Current Assets