Based on the Following Data, What Is the Quick Ratio

question 51

Multiple Choice

Based on the following data, what is the quick ratio, rounded to one decimal place? ? $$\begin{array} { l r } \text { Accounts payable } & 32,000 \\\text { Accounts receivable } & 64,000 \\\text { Accrued liabilities } & 7,000 \\\text { Cash } & 20,000 \\\text { Intangible assets } & 40,000 \\\text { Inventory } & 72,000 \\\text { Long-term investments } & 100,000 \\\text { Long-term liabilities } & 75,000 \\\text { Marketable securities } & 35,000 \\\text { Notes payable (short-term) } & 25,000 \\\text { Property, plant, and equipment } & 625,000 \\\text { Prepaid expenses } & 2,000\end{array}$$

• A) 2.1
• B) 1.9
• C) 1.4
• D) 3.2

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Definitions:

Oil Prices

The cost per barrel of crude oil as determined by global supply and demand dynamics.

Megawatts

A unit of power equal to one million watts, commonly used to measure the output of power plants or the amount of energy consumed by large entities.

Hydroelectric

The production of electricity by converting the energy of flowing water into power, typically via dams.

Power Generation

The process of producing electricity from various energy sources such as fossil fuels, nuclear power, or renewable resources.