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Calculate the quick assets and acid test ratio for Impact Builders, Inc. The company has cash, $12,320; marketable securities, $30,000; and accounts receivable, $53,600.

Calculate the quick assets and acid test ratio for Impact Builders, Inc. The company has cash, $12,320; marketable securities, $30,000; and accounts receivable, $53,600. NOTE: Use the current liabilities you were given in exercise 1 of this section.

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