Lionworks Company has cash of $148,000; net Accounts Receivable of $92,000; short-term investments of $44,000 and prepaid expenses of $40,000. It also has $50,000 in current liabilities and $77,000 in long-term liabilities. The quick ratio for Lionworks Company is:

Question

Quizplus · Accepted Answer

The Answer of Lionworks Company has cash of $148,000; net Accounts Receivable of $92,000; short-term investments of $44,000 and prepaid expenses of $40,000. It also has $50,000 in current liabilities and $77,000 in long-term liabilities. The quick ratio for Lionworks Company is:

Lionworks Company Has Cash of $148,000; Net Accounts Receivable of $92,000;