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Based on the data below, what is the quick rate rounded to one decimal place? Accounts payable 34.000 $ Accounts receivable 66.000 accrued liabilities 7.000
Based on the data below, what is the quick rate rounded to one decimal place?
| Accounts payable | 34.000 $ |
| Accounts receivable | 66.000 |
| accrued liabilities | 7.000 |
| in advance | 35.000 |
| intangible assets | 57.000 |
| Inventory | 74.000 |
| long-term investments | 81.000 |
| long-term liabilities | 116.000 |
| securities | 37.000 |
| fixed assets | 690.000 |
| prepaid expenses | 2.000 |
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Solution Based on the given data the quick rate also known as the acidtest ratio can be calculated u...
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
