Rick Company Has Cash of $143,000; Net Accounts Receivable of $89,000;

question 31

Essay

Rick Company has cash of $143,000; net accounts receivable of $89,000; short-term investments of $35,000; and prepaid expenses of $40,000. It also has $50,000 in current liabilities and $80,000 in long-term liabilities. What is the quick ratio for Rick Company?