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ABC has the following selected financial data: Current assets $65,000 Current liabilities $60,000 Long-term assets $90,000 Inventory $20,000 Net sales $365,000 Cost of goods sold
ABC has the following selected financial data: Current assets $65,000 Current liabilities $60,000 Long-term assets $90,000 Inventory $20,000 Net sales $365,000 Cost of goods sold $280,000 What is ABC's quick ratio? .75 to 1 87 to 1 1.1 to 1 0.9 to 1 Step by Step Solution
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Business Accounting An Introduction To Financial And Management Accounting
Authors: Jill Collis, Roger Hussey, Andrew Holt, Holt Collis, J. Collis
2nd Edition
0230276237, 978-0230276239
