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Crafter Company has the following assets and liabilities: Assets Cash Accounts receivable Inventory Equipment Liabilities Current portion of long-term debt $1 Accounts payable Long-term debt

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Crafter Company has the following assets and liabilities: Assets Cash Accounts receivable Inventory Equipment Liabilities Current portion of long-term debt $1 Accounts payable Long-term debt Determine the quick ratio (rounded to one decimal place a. 0.9 b. 3.6 c. 2.2 d. 1.7

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