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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 Current Liabilities
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 | $452,000 | $134,000 | $37,350 | $94,000 | $54,770 | $ | :1 |
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
6th Edition
0201538997, 978-0201538991
