Based on the Following Data, Calculate the Amount of Quick

question 54

Multiple Choice

Based on the following data, calculate the amount of quick assets. ? $$\begin{array} { l r } \text { Accounts payable } & 68,000 \\\text { Accounts receivable } & 89,000 \\\text { Accrued liabilities } & 12,000 \\\text { Cash } & 58,500 \\\text { Intangible assets } & 38,000 \\\text { Inventory } & 61,000 \\\text { Long-term investments } & 250,000 \\\text { Long-term liabilities } & 66,000 \\\text { Marketable securities } & 59,000 \\\text { Notes payable (short-term) } & 47,000 \\\text { Property, plant, and equipment } & 637,000 \\\text { Supplies } & 17,000\end{array}$$

• A) $205,600
• B) $208,400
• C) $206,500
• D) $204,200

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Definitions:

Economic History

The study of economies or economic phenomena in the past.

Aggregate Price Level

A measure of the overall level of prices of goods and services in an economy over a specified period, often used as an indicator of inflation.

Macroeconomics

The branch of economics that studies the behavior and performance of an economy as a whole, focusing on aggregate phenomena such as GDP, unemployment rates, and inflation.

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