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22. Kingsbury Associates current assets are as follows Cash 3,000 Accounts Receivable 4,000 Inventories 8,000 If Kingsbury has a current ratio of 3.2, what is
22. Kingsbury Associates current assets are as follows
Cash 3,000 Accounts Receivable 4,000 Inventories 8,000 If Kingsbury has a current ratio of 3.2, what is its quick ratio? [Hint: Quick Ratio = (Current Assets-Inventory)/Current Liabilities]
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2.07
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1.49
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0.48
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None of the above
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