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A company has liquid assets of $5 million and net income of $10 million. Current liabilities total 2.5 million, interest expense is $2 million, and
A company has liquid assets of $5 million and net income of $10 million. Current liabilities total 2.5 million, interest expense is $2 million, and income tax expense is $3 million. What is the quick ratio for the company?
- 0.5
- 7.5
- 0.3
- 2.0
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