Gently Used Goods has cash of $2,950,inventory of $28,470,fixed assets of $9,860,accounts payable of $11,900,and accounts receivable of $4,660.What is the cash ratio?
A) 0.08
B) 0.25
C) 0.30
D) 0.46
E) 0.51
Correct Answer:
Verified
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