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QUESTION 9 What is the Quick Asset Ratio (expressed as a formula) for the following figures? Current assets: $2,000,000 Stock: $55,000 Current liabilities: $1,300,000 Bank

QUESTION 9 What is the Quick Asset Ratio (expressed as a formula) for the following figures?

Current assets: $2,000,000

Stock: $55,000

Current liabilities: $1,300,000

Bank overdraft: $45,000

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