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Smith corporation has current assets of $11,400, inventories of $4,000 and a current ratio of 2.6. What is Smith's quick or acid test ratio? a.

Smith corporation has current assets of $11,400, inventories of $4,000 and a current ratio of 2.6. What is Smith's quick or acid test ratio?

a. 1.69

b. 0.54

c. 0.74

d. 1.35

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