Question

Accounts payable $33,888 Accounts receivable 65,867 Accrued liabilities 6,318 Cash 19,337 Intangible assets 39,824 Inventory 77,645...

Accounts payable $33,888
Accounts receivable 65,867
Accrued liabilities 6,318
Cash 19,337
Intangible assets 39,824
Inventory 77,645
Long-term investments 114,197
Long-term liabilities 73,109
Marketable securities 34,854
Notes payable (short-term) 27,089
Property, plant, and equipment 661,437
Prepaid expenses 2,045

Based on the above data, what is the amount of quick assets?

$1,608,731

$793,273

$54,191

$120,058

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Answer #1

Quick assets = cash+marketable securities+accnt receivables = 19337+34854+65867=120058

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