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My answer was incorrect. Would someone be able to help me clarify? The strategic researcher found from the balance sheet of Company PQR the following
My answer was incorrect. Would someone be able to help me clarify?
The strategic researcher found from the balance sheet of Company PQR the following financial data: cash of $2,500 and other current assets of $2,000, and the current liabilities of $10,000 and long-term liabilities of $20,000. What is the acid-test ratio (or quick ratio) of Company PQR? A) 0.15 B) 0.32 C) 0.54 D) 0.45Step by Step Solution
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