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Calculate the quick ratio of a firm with: Cash$20,000 A/R$15,000 Inventory$30,000 Short term Marketable Securities$10,000 Current Liabilities$15,000 Select one: A.4:1 B.3:1 C.2:1 D.1:1
Calculate the quick ratio of a firm with:
Cash$20,000
A/R$15,000
Inventory$30,000
Short term Marketable Securities$10,000
Current Liabilities$15,000
Select one:
A.4:1
B.3:1
C.2:1
D.1:1
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Cornerstones of Managerial Accounting
Authors: Mowen, Hansen, Heitger
3rd Edition
324660138, 978-0324660135
