Cash 

                   +Marketable Securities

     Quick Ratio = +Accounts Receivable

                 --------------------------  

                    Current Liabilities

Example: The quick ratio for F.E.D. Foods Company for 1993 is:

         $3,000 + $8,000 + $42,000    = 0.45 

        ---------------------------- 

                $118,000

(from balance sheet, page 11, line 1 + line 2 + line 3/line 15)