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Solve for the amount of firm ABCs cash given the following data: ABC Current Ratio is equal to 2.5 ABC Quick Ratio is equal to

Solve for the amount of firm ABCs cash given the following data:

ABC Current Ratio is equal to 2.5

ABC Quick Ratio is equal to 1.2

ABC Current Liabilities is equal to $12K

ABC Credit Sales is equal to $98K

ABC Average Collection Period is equal to approximately 40 days.

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