From the following list of accounts calculate the quick ratio. Cash. . . $9,000 Accounts payable. .
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From the following list of accounts calculate the quick ratio.
Cash. . . $9,000 Accounts payable. . . . . $12,000
Accounts receivable. . . 7,000 Salary payable. .. . 9,000
Inventory. . .. 16,000 Notes payable (due in two years). . 16,000
Prepaid insurance. . . . . . 2,000 Short-term investments. . . 6,000
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