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Jones Corp. reported current assets of $200,000 and current liabilities of $141,500 on its most recent balance sheet. The current assets consisted of $60,200 Cash;

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Jones Corp. reported current assets of $200,000 and current liabilities of $141,500 on its most recent balance sheet. The current assets consisted of $60,200 Cash; $40,900 Accounts Receivable; and $98,900 of Inventory. The acid-test (quick) ratio is: Multiple Choice 1:1. 0.51 : 1 14:1 0.71: 1. 0.67: 1

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