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Erastic Corporation has $24,000 in cash, $13,000 in marketable securities, $49,000 in account receivable, $60,000 in inventories, and $52,000 in current liabilities. The corporations current
Erastic Corporation has $24,000 in cash, $13,000 in marketable securities, $49,000 in account receivable, $60,000 in inventories, and $52,000 in current liabilities. The corporations current assets consist of cash, marketable securities, accounts receivable, and inventory. The corporations acid-test ratio is closest to:
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1.40
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1.65
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2.81
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0.94
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