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From the following data for David ProElecticals, calculate the quick ratio. Cash $68,500 Accounts receivable 130,000 Inventories 213,000 Prepaid expenses 25,000 Total current assets $436,500

From the following data for David ProElecticals, calculate the quick ratio.

Cash

$68,500

Accounts receivable

130,000

Inventories

213,000

Prepaid expenses

25,000

Total current assets

$436,500

Less current liabilities

275,000

Working capital

$161,500

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