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ch 15 25. Calculate the quick assets and acid test ratio for the following company. Round ratios to the nearest hundredth. (E.g., enter 3.73:1 without
ch 15
25. Calculate the quick assets and acid test ratio for the following company.
Round ratios to the nearest hundredth. (E.g., enter "3.73:1" without the quotes.)
Marketable Accounts Current Quick Acid Test
Company Cash Securities ReceivableLiabilities Assets Ratio
Shutterbug Cameras $24,400 $147,000 $756,300 $842,100 $
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