Walker Company Has the Following Assets on January 1, 2017

Multiple Choice

Walker Company has the following assets on January 1, 2017 and January 1, 2016.
$$\begin{array} { l r r } & 1 / 1 / 17 & 1 / 1 / 16 \\\hline \text { Cash } & \$ 451,000 & \$ 366,000 \\\text { Accounts receivable } & 302,000 & 333,000 \\\text { Marketable securities } & 36,000 & 30,000 \\\text { Irventory } & 87,000 & 105,000 \\\text { Net plant and equipment } & 120,000 & 96,000\end{array}$$
If Walker's quick ratio is 3.00 for 2017, what is the amount of its current liabilities?

A) $325,000
B) $263,000
C) $285,000
D) There is not enough information to answer this question.Solution (in thousands) :
Quick ratio = ($451 + $302 + $36) / x = 3.0
X = $263