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Compute the quick ratio for Company OO, which has current assets of $400,000, excluding inventory, and current liabilities of $200,000. Discuss the significance of the

Compute the quick ratio for Company OO, which has current assets of $400,000, excluding inventory, and current liabilities of $200,000. Discuss the significance of the quick ratio as a measure of a company's ability to meet its short-term obligations with its most liquid assets.

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