Macie's quick assets were $5 million. Its current assets were $11 million. Its current liabilities were $8 million. The acid-test ratio is:
A) 1.5.
B) .50.
C) .62.
D) 1.38.
E) .68.

Question

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The Answer of Macie's quick assets were $5 million. Its current assets were $11 million. Its current liabilities were $8 million. The acid-test ratio is:
A) 1.5.
B) .50.
C) .62.
D) 1.38.
E) .68.

Macie's Quick Assets Were $5 Million