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17. The following financial information applies to Sycamore Company: Cash $ 10,000 Marketable securities 18,000 Accounts receivable 120,000 Inventories 375,000 Prepaid expenses 12,000 Accounts payable

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17. The following financial information applies to Sycamore Company: Cash $ 10,000 Marketable securities 18,000 Accounts receivable 120,000 Inventories 375,000 Prepaid expenses 12,000 Accounts payable 75,000 Long-term debt -- current portion 20,000 Long-term debt 400,000 Sales 1,650,000 What is the acid-test (or quick) ratio for Sycamore? C A. 1.97

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