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

Accounts payable $30,000

Accounts receivable 45,000

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

the total of quick assets is 173,000

Explanation:

assets are fast, they are those that are considered current, that is, in less than a year they can be used to cancel liabilities or acquire other goods.

First we dismiss all liability accounts.

Then we analyze the possibility of assets "becoming" money in less than a year.

They are the following items:

Accounts receivable 45,000

Cash 20,000

Inventory 72,000

Marketable securities 36,000

Total = 173,000