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Leviafan [203]
3 years ago
13

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

Business
1 answer:
Neporo4naja [7]3 years ago
7 0

Answer:

the total of quick assets is 173,000

Explanation:

assets are fast, they are those that are considered current, that is, in less than a year they can be used to cancel liabilities or acquire other goods.

First we dismiss all liability accounts.

Then we analyze the possibility of assets "becoming" money in less than a year.

They are the following items:

Accounts receivable 45,000

Cash 20,000

Inventory 72,000

Marketable securities 36,000

Total = 173,000

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3 years ago
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