$\begin{array}{ll}
530,000 & \text { Accounts payable } \
65,000 & \text { Accounts receivable } \
7,000 & \text { Accrued liabilities } \
25,000 & \text { Cash } \
40,000 & \text { Intangible assets } \
72,000 & \text { Inventory } \
100,000 & \text { Long-term investments } \
75,000 & \text { Long-term liabilities } \
36,000 & \text { Marketable securities } \
20,000 & \text { Notes payable (short-term) } \
625,000 & \text { Property, plant, and equipment } \
2,000 & \text { Prepaid expenses }
\end{array}$ Based on the above data, what is the quick ratio, rounded to one decimal point?
A) 2.2
B) 3.5
C) 3.0
D) 1.6

Question

Quizplus · Accepted Answer

The Answer of $\begin{array}{ll}
530,000 & \text { Accounts payable } \
65,000 & \text { Accounts receivable } \
7,000 & \text { Accrued liabilities } \
25,000 & \text { Cash } \
40,000 & \text { Intangible assets } \
72,000 & \text { Inventory } \
100,000 & \text { Long-term investments } \
75,000 & \text { Long-term liabilities } \
36,000 & \text { Marketable securities } \
20,000 & \text { Notes payable (short-term) } \
625,000 & \text { Property, plant, and equipment } \
2,000 & \text { Prepaid expenses }
\end{array}$ Based on the above data, what is the quick ratio, rounded to one decimal point?
A) 2.2
B) 3.5
C) 3.0
D) 1.6

Based on the Above Data, What Is the Quick Ratio