Based on the Above Data, What Is the Quick Ratio

question 85

Multiple Choice

$\begin{array}{ll}\$ 30,000 & \text { Accounts payable } \\65,000&\text { Accounts receivable } \\7,000 & \text { Acculud liabilities } \\20,000 & \text { Cash } \\40,000 & \text { Intangible assets } \\72,000 & \text { Inventory } \\100,000 & \text { Long-term investments } \\75,000 & \text { Long-term liabilities } \\36,000 & \text { Marketable securities } \\20,000 & \text { Notes payable (short-term) } \\625,000 & \text { Property, plant, and equipment } \\2,000 & \text { Prepaid expenses }\end{array}$ Based on the above data, what is the quick ratio, rounded to one decimal point?

• A) 2.4
• B) 3.4
• C) 2.1
• D) 1.5

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Definitions:

Removal

The act of moving or taking something away from its place or position, often used in contexts of displacement or dispossession.

Racial Hostilities

Aggressive actions, attitudes, or situations that arise from prejudices and conflicts based on racial or ethnic differences.

Immigrants

People who move to a different country from their country of origin, typically for reasons such as work, education, or to escape conflict.

Dominant Society

The social group in any society that holds the most power, often dictating norms, laws, and cultural standards to which other groups are expected to conform.