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Quick Ratio Calculation : Calculate the quick ratio for a company with the following balance sheet data: Cash $20,000, Accounts Receivable $30,000, Inventory $50,000, Current
- Quick Ratio Calculation: Calculate the quick ratio for a company with the following balance sheet data: Cash $20,000, Accounts Receivable $30,000, Inventory $50,000, Current Liabilities $40,000. What does this ratio indicate about the company's liquidity?
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
