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A Company Has $56,000 in Cash;$12,000 in Accounts Receivable;$25,000 in Short-Term

Question 105

Multiple Choice

A company has $56,000 in cash;$12,000 in Accounts Receivable;$25,000 in short-term investments and $100,000 in merchandise inventory.The company also has $60,000 in current liabilities.The company's quick ratio is:


A) 3) 217.
B) 1) 550.
C) 1) 133.
D) 0) 933.

Correct Answer:

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