Question: Use the following information to compute the quick ratio: Long-Term Loan Payable . . . . . . . . . . . . .

Use the following information to compute the quick ratio:
Long-Term Loan Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,100
Accounts Receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,750
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 400
Cost of Goods Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000
Accrued Wages Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250
Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000

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