Suppose a company has a current ratio of 2.5 times and a quick ratio of 1.5 times.
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Suppose a company has a current ratio of 2.5 times and a quick ratio of 1.5 times. If the company’s current liabilities are h100 million, the amount of inventory is closest to:
A. h50 million.
B. h100 million.
C. h150 million.
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Related Book For
Corporate Finance A Practical Approach
ISBN: 9781118217290
2nd Edition
Authors: Michelle R Clayman, Martin S Fridson, George H Troughton, Matthew Scanlan
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