QUESTION 20 Using the following financial statement data excerpts from KRJ Enterprises annual report, calculate the quick ratio (note that all current asset accounts are listed) Present your answer to two decimal places e g 20 00 Cash marketable securities $218 Accounts receivable $486 Inventory $410 Prepaid expenses $161 Fixed assets (net) $1,002 Intangible assets $158 Long term investments $328 Total current liabilities $662 Long term debt $939 Other long term liabilities $227 Stockholders equity $41

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Question: QUESTION 20 Using the following financial statement data excerpts from KRJ Enterprises annual report, calculate the quick ratio (note that all current asset accounts are

QUESTION 20

Using the following financial statement data excerpts from KRJ Enterprises annual report, calculate the quick ratio (note that all current asset accounts are listed). Present your answer to two decimal places. e.g. 20.00.

Cash & marketable securities	$218
Accounts receivable	$486
Inventory	$410
Prepaid expenses	$161
Fixed assets (net)	$1,002
Intangible assets	$158
Long-term investments	$328

Total current liabilities	$662
Long-term debt	$939
Other long-term liabilities	$227
Stockholders equity	$41

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