A companys quick assets are $37,500, its current assets are $80,000, and its current liabilities are $50,000.

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A company’s quick assets are $37,500, its current assets are $80,000, and its current liabilities are $50,000. Its acid-test ratio equals

a. 1.600.

b. 0.750.

c. 0.625.

d. 1.333.

e. 0.469.

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Financial And Managerial Accounting

ISBN: 9781260728774

9th Edition

Authors: John J. Wild

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Question Posted: Jan 15, 2024 02:00 AM

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A companys quick assets are $37,500, its current assets are $80,000, and its current liabilities are $50,000.

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Financial And Managerial Accounting

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