The number of quick assets and the acid test ratio for the company Impact-Builders, Inc. which has a cash balance of $ 12 , 320 , marketable securities of $ 30 , 000 , accounts receivable of $ 53 , 600 and current liabilities of $ 74 , 330 .

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Chapter 15.III, Problem 7RE

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To calculate: The number of quick assets and the acid test ratio for the company Impact-Builders, Inc. which has a cash balance of $12,320, marketable securities of $30,000, accounts receivable of $53,600 and current liabilities of $74,330.

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