Based on the following data, what is the quick ratio (rounded to one decimal point)?Accounts payable$ 30,000Accounts receivable60,000Accrued liabilities5,000Cash30,000Intangible assets50,000Inventory69,000Long-term investments80,000Long-term liabilities100,000Marketable securities30,000Fixed assets670,000Prepaid expenses1,000 a.3.4 b.1.8 c.3.0 d.2.2 Based on the following data, what is the quick ratio (rounded to one decimal point)?Accounts payable$ 30,000Accounts receivable60,000Accrued liabilities5,000Cash30,000Intangible assets50,000Inventory69,000Long-term investments80,000Long-term liabilities100,000Marketable securities30,000Fixed assets670,000Prepaid expenses1,000а. 3.4b. 1.8с. 3.0O d. 2.2

Name: Based on the following data, what is the quick ratio (rounded to one d
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Description: Based on the following data, what is the quick ratio (rounded to one decimal point)?Accounts payable$ 30,000Accounts receivable60,000Accrued liabilities5,000Cash30,000Intangible assets50,000Inventory69,000Long-term investments80,000Long-term liabili

The quick ratio evaluates a company's ability to pay current liabilities without selling goods or…

Business

Accounting

ased on the following data, what is the quick ratio (rounded to one decimal point)? Accounts payable $ 30,000 Accounts receivable 60,000 Accrued liabilities 5,000 Cash 30,000 Intangible assets 50,000 Inventory 69,000

ased on the following data, what is the quick ratio (rounded to one decimal point)? Accounts payable $ 30,000 Accounts receivable 60,000 Accrued liabilities 5,000 Cash 30,000 Intangible assets 50,000 Inventory 69,000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...

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Accounts payable	$ 30,000
Accounts receivable	60,000
Accrued liabilities	5,000
Cash	30,000
Intangible assets	50,000
Inventory	69,000
Long-term investments	80,000
Long-term liabilities	100,000
Marketable securities	30,000
Fixed assets	670,000
Prepaid expenses	1,000

	a.	3.4
	b.	1.8
	c.	3.0
	d.	2.2

ased on the following data, what is the quick ratio (rounded to one decimal point)? ​ Accounts payable $ 30,000 Accounts receivable 60,000 Accrued liabilities 5,000 Cash 30,000 Intangible assets 50,000 Inventory 69,000

ased on the following data, what is the quick ratio (rounded to one decimal point)? Accounts payable $ 30,000 Accounts receivable 60,000 Accrued liabilities 5,000 Cash 30,000 Intangible assets 50,000 Inventory 69,000