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Granny's Jug Herbal Shop Has Total Current Liabilities of $2,000

Question 60

Multiple Choice

Granny's Jug Herbal Shop has total current liabilities of $2,000 and an inventory of $1,000.If its current ratio is 2.5,then what is its quick ratio?


A) 2.0
B) 2.5
C) 3.0
D) 3.5

Correct Answer:

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