Cash is ($15,000,) net accounts receivable amount to ($6,000,) inventory is ($10,000,) prepaid expenses total ($4,000,) and

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Cash is $$15,000,$ net accounts receivable amount to $$6,000,$ inventory is $$10,000,$ prepaid expenses total $$4,000,$ and current liabilities are $$20,000.$ What is the quick ratio?

a. 1.05

b. 1.55

C. 1.25

d. 1.75

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Financial Accounting

ISBN: 9780136060482

1st Edition

Authors: Jeffrey Waybright, Robert Kemp

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Question Posted: May 13, 2024 05:02 AM

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Cash is ($15,000,) net accounts receivable amount to ($6,000,) inventory is ($10,000,) prepaid expenses total ($4,000,) and

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Financial Accounting

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