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Kingsbury Associates has current assets as follows: Cash $1,000 Accounts receivable $4,500 Inventories $8,000 If Kingsbury has a current ratio of 1.1, what is its

Kingsbury Associates has current assets as follows:

Cash $1,000

Accounts receivable $4,500

Inventories $8,000

If Kingsbury has a current ratio of 1.1, what is its quick ratio?

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