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AP-5A LO 4 Selected financial data from Crew Restaurant is provided below. Cash Accounts Receivable Food Inventory Short-Term Investments Land & Building Current Portion of
AP-5A LO 4 Selected financial data from Crew Restaurant is provided below. Cash Accounts Receivable Food Inventory Short-Term Investments Land & Building Current Portion of Long-Term Debt Accounts Payable As at December 31, 2020 $75,000 225,000 270,000 40,000 500,000 30,000 120,000 50 Analyzing Accounting Information Chapter 2 Required a) Calculate the quick ratio. Round your answer to two decimal places. b) What does Crew Restaurant's quick ratio suggest about the company's performance
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