This answer does not include the receivables in the numerator of the calculation.
This answer incorrectly includes inventory in the calculation of the numerator.
This answer includes all current assets in the calculation.
The acid test (or quick) ratio is calculated as follows: (Cash + Receivables + Trading Securities) / Current Liabilities. Given the information in this question, we get ($30,000 + $20,000 + $45,000) / $85,000. This is 1.1.
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Lisa Inc.'s acid test (quick) ratio at December 31, 2010 was
