Calculate the quick ratio from the given data, and identify from the following options:
able[[Balance Sheet,],[Cash,$57,800
Calculate the quick ratio from the given data, and identify from the following options
Balance Sheet
Cash
$57,800
Temporary investments
29,000
Accounts receivable
64,100
Merchandise inventory Prepaid insurance
52,300
6,000
Long-term investments
53,000
Equipment (net)
112,00
Land
27,000
Equipment (net) Total Assets
34,000
$435,200
Current liabilities
$64,000
Long-term liabilities
32,000
Common shares
163,700
Retained earnings
175,500
Total Liabilities and Equity
$435,200