Based on the Above Data, What Is the Amount of

$\begin{array}{ll}530,000 & \text { Accounts payable } \\65,000 & \text { Accounts receivable } \\7,000 & \text { Accrued liabilities } \\25,000 & \text { Cash } \\40,000 & \text { Intangible assets } \\72,000 & \text { Inventory } \\100,000 & \text { Long-term investments } \\75,000 & \text { Long-term liabilities } \\36,000 & \text { Marketable securities } \\20,000 & \text { Notes payable (short-term) } \\625,000 & \text { Property, plant, and equipment } \\2,000 & \text { Prepaid expenses }\end{array}$ Based on the above data, what is the amount of quick assets?

A) $198,000
B) $126,000
C) $90,000
D) $61,000

Correct Answer:

Verified

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

Access For Free