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Question Content Area Crafter Company has the following assets and liabilities: Assets Cash $20,585 Accounts receivable 16,729 Inventory 22,364 Equipment 50,660 Liabilities Current portion of
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Crafter Company has the following assets and liabilities:
| Assets | |
| Cash | $20,585 |
| Accounts receivable | 16,729 |
| Inventory | 22,364 |
| Equipment | 50,660 |
| Liabilities | |
| Current portion of long-term debt | 11,469 |
| Accounts payable | 4,138 |
| Long-term debt | 67,986 |
Determine the quick ratio (rounded to one decimal point).
Crafter Company has the following assets and liabilities: Determine the quick ratio (rounded to one decimal point). a. 0.9 b. 3.8 c. 1.3 d. 2.4Step by Step Solution
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Handbook Of Energy Audits
Authors: Albert Thumann, William J. Younger
6th Edition
0824709985, 978-0824709983
