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A company has $33,000 in cash and cashequivalents, $91,000 in shortterm investments, $128,000 in net currentreceivables, $63,000 ininventory, $18,000 of prepaid insurance and $6,000 of

A company has $33,000 in cash and cashequivalents, $91,000 in shortterm investments, $128,000 in net currentreceivables, $63,000 ininventory, $18,000 of prepaid insurance and $6,000 of supplies. The total current liabilities of the firm are $301,000. The quick ratio of the companyis: (Round your final answer to two decimalplaces.)

A.

0.84

B.

1.13

C.

1.05

D.

0.41

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