$\begin{array}{ll}
530,000 & \text { Accounts payable } \
65,000 & \text { Accounts receivable } \
7,000 & \text { Accrued liabilities } \
25,000 & \text { Cash } \
40,000 & \text { Intangible assets } \
72,000 & \text { Inventory } \
100,000 & \text { Long-term investments } \
75,000 & \text { Long-term liabilities } \
36,000 & \text { Marketable securities } \
20,000 & \text { Notes payable (short-term) } \
625,000 & \text { Property, plant, and equipment } \
2,000 & \text { Prepaid expenses }
\end{array}$ Based on the above data, what is the amount of quick assets?
A) $198,000
B) $126,000
C) $90,000
D) $61,000

Question

Quizplus · Accepted Answer

Quick assets include cash, accounts receivable, and marketable securities. The sum is $25,000 (cash) + $65,000 (accounts receivable) + $36,000 (marketable securities) = $126,000.

Based on the Above Data, What Is the Amount of