Quiz: Chapter 7 Quiz Time Remaining: 0245:19 Submit Qu This Question: 6 pts 4 of

Question

Quiz: Chapter 7 Quiz Time Remaining: 0245:19 Submit Qu This Question: 6 pts 4 of 10 This Quiz: 74 pts poss Data Table Calculate the quick aseecs and the quck ratio tor each ot the tollowing cempanies: E Click the icon to view the data.) Noel Rhodes Start hy seleting the formula nerdied ta raalate the rompanies quirk assets Cash Short-term investments Nct reccivablcs Current listiities S 17,000 S 32,COD 13,000 59,C00 4,000107 C00 Quick assets 6,000 47,000 Calculatc the toral quick assct amounts for cach of the two conpanics Noel Rhodes Tataal quirk assels Print Done Quck ratio Noal Rhades

Explanation / Answer

Quick assets formula

Cash + short-term investments + net receivables = quick assets

70000

(17000+6000+47000)

104000

(32000+13000+59000)

Noel Rhodes Total quick assets

70000

(17000+6000+47000)

104000

(32000+13000+59000)

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