Question: correct answer 31. Given the following information, calculate the dollar amount of Quick Assets we would use for the QuickRatio (ie Acid Test Ratio) Cash

correct answer 31. Given the following information, calculate the dollar amount of correct answer

31. Given the following information, calculate the dollar amount of Quick Assets we would use for the QuickRatio (ie Acid Test Ratio) Cash $10,000 Accounts Receivable $50,000 Short term investments $60,000 Merchandise Inventory $90,000 Prepaid Insurance $2,000 Property, Plant and Equipment $200,000

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