-Based on the Above Data,what Is the Amount of Quick

question 85

Multiple Choice

-Based on the above data,what is the amount of quick assets?

• A)$205,000
• B)$203,000
• C)$131,000
• D)$66,000

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Definitions:

Commercial Banks

Banks that provide a wide range of services to businesses and consumers including loans, checking accounts, and savings options.

Commercial Bank Loans

are loans that businesses and individuals can obtain from a commercial bank to finance various needs, such as business expansion or personal expenses.

Short-Term Financing

Refers to borrowing funds for a period of less than one year to meet immediate financial requirements.

Spontaneous Financing

Financing that naturally increases as a firm's operating levels increase, typically through trade credits and accruals.