Liquidity Ratios You have the following information on Olivia's Bridle Shop: total liabilities and equity = $65 million,current liabilities = $10 million,inventory = $15 million,and quick ratio = 3 times.Using this information,what is the balance for fixed assets on Olivia's balance sheet?
A) $20m
B) $40m
C) $45m
D) $135m
Correct Answer:
Verified
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