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Calculate the quick assets ( in $ ) and acid test ratio for the given company. Round ratios to the nearest hundredth. Company Current Assets

Calculate the quick assets

(

in $

)

and acid test ratio for the given company. Round ratios to the nearest hundredth.

Company Current

Assets Current

Liabilities Cash Marketable

Securities Accounts

Receivable Quick

Assets Acid Test

Ratio

a retail grocery chain $

453, 000

131, 000

37, 350

94, 000

53, 770

$ :

1

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