Question 90
Multiple Choice
Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Marketable securities Notes payable short-term Property, plant, and equipment Prepaid expenses $30,00035,0007,00025,00040,00072,000100,00075,00036,00020,000400,0002,000
-Based on the above data,what is the quick ratio,rounded to one decimal point?
A) 1.7
B) 2.9
C) 1.1
D) 1.0
Correct Answer:

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