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Content Area From the following data for Zen Industries, calculate the quick ratio. Line Item Description Amount Cash $ 66,500 Accounts receivable 120,000 Inventories 210,000

Content Area From the following data for Zen Industries, calculate the quick ratio. 


Line Item Description Amount Cash $ 66,500 


Accounts receivable 120,000


 Inventories 210,000 


Prepaid expenses 25,000 


Total current assets $ 421,500 


Less current liabilities (270,000) 


Working capital $ 151,500 .

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