Question: Based on the following data, what is the quick ratio, rounded to one decimal place? Accounts payable Accounts receivable $ 32,000 64,000 Accrued liabilities
Based on the following data, what is the quick ratio, rounded to one decimal place? Accounts payable Accounts receivable $ 32,000 64,000 Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities 7,000 20,000 40,000 72,000 100,000 75,000 Marketable securities 35,000 Notes payable (short-term) 25,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000 Oa. 1.4 Ob. 3.2 c. 1.9 Od. 2.1
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