Based on the Above Data, What Is the Amount of

question 153

Multiple Choice

$\begin{array}{ll}530,000 & \text { Accounts payable } \\65,000 & \text { Accounts receivable } \\7,000 & \text { Accrued liabilities } \\25,000 & \text { Cash } \\40,000 & \text { Intangible assets } \\72,000 & \text { Inventory } \\100,000 & \text { Long-term investments } \\75,000 & \text { Long-term liabilities } \\36,000 & \text { Marketable securities } \\20,000 & \text { Notes payable (short-term) } \\625,000 & \text { Property, plant, and equipment } \\2,000 & \text { Prepaid expenses }\end{array}$ Based on the above data, what is the amount of quick assets?

• A) $198,000
• B) $126,000
• C) $90,000
• D) $61,000

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Definitions:

Cell

A small room in which a prisoner is locked up or in which a monk or nun sleeps, highlighting a different use of the word in a separate context.

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize foods from carbon dioxide and water.

Glucose

A simple sugar that is an important energy source in living organisms and is a component of many carbohydrates.

Carbon Dioxide

A colorless gas with a density about 60% higher than that of dry air, contributing to the greenhouse effect and global warming.