Given balance sheet accounts, what is the amount of quick assets?
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Based on the following data, what is the amount of quick assets?
Accounts payable $ 30,000
Accounts receivable 65,000
Accrued liabilities 7,000
Cash 20,000
Intangible assets 40,000
Inventory 72,000
Long-term investments 100,000
Long-term liabilities 75,000
Marketable securities 36,000
Notes payable (short-term) 20,000
Property, plant, and equipment 625,000
Prepaid expenses 2,000
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Quick assets are assets that can be easily be converted into cash or ...
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