Question: From the select balance sheet items below, calculate the quick ratio. Item Amount Item Amount Cash $20,000 Accounts payable $11,000 Notes receivable 15,000 Wages payable

From the select balance sheet items below, calculate the quick ratio. Item Amount Item Amount Cash $20,000 Accounts payable $11,000 Notes receivable 15,000 Wages payable 5,000 Stock 5,000 Retained earnings 20,000 Inventory 6,000 Notes payable 8,000 1.25 1.08 0.83 1.63

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