Question: 5. Calculate the quick ratio (acid test ratio) for a company given the following information: Cash A/R (net) Inventory Short term investments Fixed Assets (net)

5. Calculate the quick ratio (acid test ratio) for a company given the following information: Cash A/R (net) Inventory Short term investments Fixed Assets (net) Long-term investments $10,000 $12,000 $30,000 $25,000 $115,000 $150,000 Accounts Payable $10,000 Other Short term liabilities: $27,000 Long-term liabilities: $50,000

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