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A firm's long-term assets = $10,000, total assets = $180,000, inventory = $33,000 and current liabilities = $20,000. What are the firms current ratio and
A firm's long-term assets = $10,000, total assets = $180,000, inventory = $33,000 and current liabilities = $20,000. What are the firms current ratio and quick ratio? (Round your answer to 1 decimal place.)
Multiple Choice Current ratio = 18.5; quick ratio = 16.9 Current ratio = 11.0; quick ratio = 9.3 Current ratio = 8.5; quick ratio = 6.8 Current ratio = 13.5; quick ratio = 11.8
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