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Ace Industries has current assets equal to $4 million. The companys current ratio is 2.5, and its quick ratio is 1.5. What is the firms

Ace Industries has current assets equal to $4 million. The companys current ratio is 2.5, and its quick ratio is 1.5. What is the firms level of current liabilities? What is the firms level of inventories? The answer choices are in millions.

$6.50

$1.00

$4.00

$1.50

$1.60

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