Question
45.Chromel Company has $36,000 in cash, $12,000 in marketable securities, $40,000 in accounts receivables, $25,000 in inventories, and $80,000 in current liabilities. The company's quick
45.Chromel Company has $36,000 in cash, $12,000 in marketable securities, $40,000 in accounts receivables, $25,000 in inventories, and $80,000 in current liabilities. The company's quick ratio is closest to: a.2.45. b.1.10. c.3.12. d.0.25.
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Managerial Accounting
Authors: Peter C. Garrison, Ray H., Noreen, Eric W., Brewer
12th Edition
0071274227, 978-0071274227
