A company's assets are comprised of the following: Cash, $25,000; Receivables, $5,600; Marketable Securities, $7,200; and Equipment, $65,000.The total of quick assets is $37,800.

Question

Quizplus · Accepted Answer

To calculate quick assets, we add up cash, marketable securities, and receivables:
Quick assets = $25,000 + $7,200 + $5,600 = $37,800 
So, the total of quick assets is given as $37,800 in the question, which is true.

A Company's Assets Are Comprised of the Following: Cash, $25,000;