Question 54
Multiple Choice
Based on the following data, calculate the amount of quick assets. ? Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Supplies 68,00089,00012,00058,50038,00061,000250,00066,00059,00047,000637,00017,000
A) $205,600
B) $208,400
C) $206,500
D) $204,200
Correct Answer:

Verified
Unlock this answer now
Get Access to more Verified Answers free of charge