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Carl's Toy Factory Had the Following Items Listed on Its

Question 16

Multiple Choice

Carl's Toy Factory had the following items listed on its balance sheet.Cash,1,590;Accounts receivable,5,746;Accounts payable,9,563;Inventory,7,879;Equipment,35,743;Land,50,000;Buildings,135,487;Mortgage,125,276.Based on this information what was Carl's quick ratio?


A) 2) 14
B) 0) 77
C) 1) 37
D) 1) 59

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