A company has quick assets of ($ 300,000) and current liabilities of ($ 150,000). The company purchased

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A company has quick assets of $\$ 300,000$ and current liabilities of $\$ 150,000$. The company purchased $\$ 50,000$ in inventory on credit. After the purchase, the quick ratio would be

a. 2.0

b. 2.3

c. 1.5

d. 1.75

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Financial Accounting

ISBN: 9780078111020

7th Edition

Authors: Robert Libby, Patricia A Libby

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Question Posted: May 23, 2024 10:02 AM

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A company has quick assets of ($ 300,000) and current liabilities of ($ 150,000). The company purchased

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Financial Accounting

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