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Current Ratio and Quick ( Acid - Test ) Ratio Barkley Company provided the following information: Current assets: Cash $ 1 2 , 4 5
Current Ratio and Quick AcidTest Ratio
Barkley Company provided the following information:
Current assets:
Cash
$
Accounts receivable
Inventories
Total current assets
$
Current liabilities
$
Note: Round answers to one decimal place.
Compute the current ratio.
Compute the quick acidtest ratio.
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