Notes Payable--$105.000 Marketable securities--$36.000 Prepaid Expenses----$2.000 Sales---$500,000 Cost of Goods Sold---$300,000 Operating Expenses----$155,000 Accounts Payable---$40,000 Accounts...

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Notes Payable--$105.000 Marketable securities--$36.000 Prepaid Expenses----$2.000 Sales---$500,000 Cost of Goods Sold---$300,

business accounting

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Answer 1

Answer #1

Quick Assets= Accounts Receivable + Cash + Marketable securities

=65000+30000+36000= $131000

Note: Inventory and prepaid expenses are included in current assets but excluded from quick assets.

Answer: c.$131000

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Answer 2

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