Based on the Following Data, What Is the Quick Ratio

question 32

Multiple Choice

Based on the following data, what is the quick ratio, rounded to one decimal point? $\begin{array}{lr}\text { Accounts payable } & 30,000 \\\text { Accounts receivable } & 60,000 \\\text { Accrued liabilities } & 5,000 \\\text { Cash } & 30,000 \\\text { Intangible assets } & 50,000\\\text { Inventory } & 69,000 \\\text { Long-term investments } & 80,000 \\\text { Long-term liabilities } & 100,000 \\\text { Marketable securities } & 30,000 \\\text { Fixed assets } & 670,000 \\\text { Prepaid expenses } & 1,000\end{array}$

• A) 3.4
• B) 3.0
• C) 2.2
• D) 1.8

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Definitions:

Economic Shifts

Changes in the structure or performance of an economy, often influenced by policy, market trends, or external events.

Social Class

A division of a society based on social and economic status, influencing one's opportunities, lifestyle, and attitudes.

Leisure Interests

Activities or hobbies pursued for enjoyment, relaxation, or pleasure during free time.

Exogamy

A cultural practice that requires marrying outside one’s group (often used interchangeably with heterogamy).