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Question 24 4 pts Kingsbury Associate's has current assets of $15,500,000 of which 50% is comprised of inventory. The firm currently has a cash balance

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Question 24 4 pts Kingsbury Associate's has current assets of $15,500,000 of which 50% is comprised of inventory. The firm currently has a cash balance on its books of $3,000,000. Kingsbury has a current ratio of 2.5. What is Kingsbury's quick or 'acid-test" ratio? (Assume the firm's current assets only comprise cash, accounts receivable, and inventory) O 0.48 O 1.73 O 1.55 O 1.25

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