Based on the following data, what is the amount of quick assets? Accounts payable $30,200 Accounts receivable 45,200 Accrued liabilities 7,100 Cash 20,200 Intangible assets 40,100 Merchandise inventory 72,100 Long-term investments 101,000 Long-term liabilities 75,300 Marketable securities 36,100 Notes payable (short-term) 20,100 Property, plant, and equipment 627,000 Prepaid expenses 2,300 a.$65,400 b.$173,600 c.$101,500 d.$175,900

Based on the following data, what is the amount of quick assets? Accounts payable $30,200 Accounts receivable 45,200 Accrued liabilities 7,100 Cash 20,200 Intangible assets 40,100 Merchandise inventory 72,100 Long-term investments 101,000 Long-term liabilities 75,300 Marketable securities 36,100 Notes payable (short-term) 20,100 Property, plant, and equipment 627,000 Prepaid expenses 2,300 a.$65,400 b.$173,600 c.$101,500 d.$175,900

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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bartleby, a Learneo, Inc. business

Accounts payable	$30,200
Accounts receivable	45,200
Accrued liabilities	7,100
Cash	20,200
Intangible assets	40,100
Merchandise inventory	72,100
Long-term investments	101,000
Long-term liabilities	75,300
Marketable securities	36,100
Notes payable (short-term)	20,100
Property, plant, and equipment	627,000
Prepaid expenses	2,300