Question: How do I figure out the quick ratio from a balance sheet? Cash = 138,515, accounts receivable = 3,500, office supplies = 215, prepaid rent

How do I figure out the quick ratio from a balance sheet?

Cash = 138,515, accounts receivable = 3,500, office supplies = 215, prepaid rent = 950. Total current assets = 143,180.

Accounts payable = 135, wages payable = 275. Total current liabilities = 410.

Do I use the Total current assets and current liabilities or Total assets and Total liabilities balance?

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