accounts payable 40000 accounts receivable 65000 accrued lia

accounts payable 40000
accounts receivable 65000
accrued liabilities 7000
cash 30000
intangible assets 40000
inventory 72000
long term investments 110000
long term liabilities 75000
marketable securities 36000
notes payable short term 30000
property plant and equipment 625000
prepaid expenses 2000
what is the amount of quick assets?

Solution

Quick Assets = Assets that can easily be converted into Cash or already in cash form. they are highly liquid assets for example - marketable securities, accounts receivable etc (excludes inventory & prepaid expenses)

Quick Assets = Accounts receivable + cash + marketable securities

= 65000 + 30000 + 36000

= 131000