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Based on the Following Data, Calculate the Amount of Quick

Question 60

Multiple Choice

Based on the following data, calculate the amount of quick assets. ?  Accounts payable 68,000 Accounts receivable 89,000 Accrued liabilities 12,000 Cash 58,500 Intangible assets 38,000 Inventory 61,000 Long-term investments 250,000 Long-term liabilities 66,000 Marketable securities 59,000 Notes payable (short-term)  47,000 Property, plant, and equipment 637,000 Supplies 17,000\begin{array} { l r } \text { Accounts payable } & 68,000 \\\text { Accounts receivable } & 89,000 \\\text { Accrued liabilities } & 12,000 \\\text { Cash } & 58,500 \\\text { Intangible assets } & 38,000 \\\text { Inventory } & 61,000 \\\text { Long-term investments } & 250,000 \\\text { Long-term liabilities } & 66,000 \\\text { Marketable securities } & 59,000 \\\text { Notes payable (short-term) } & 47,000 \\\text { Property, plant, and equipment } & 637,000 \\\text { Supplies } & 17,000\end{array}


A) $205,600
B) $208,400
C) $206,500
D) $204,200

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