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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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