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Based On The Following Data What Is The Amount Of Quick Assets

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

Accounts payable = $30,000

Accounts receivable = $65,000

Accrued liabilities = $7,000

Cash = $20,000

Intangible assets = $40,000

Inventory = $72,000

Long-term investments = $100,000

Long-term liabilities = $75,000

Marketable securities = $36,000

Notes payable (short-term) = $20,000

Property, plant, and equipment = $625,000

Prepaid expenses = $2,000

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