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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]

2.07
1.49
0.48
None of the above

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