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TB MC Qu. 03-05 A firm's long-term assets... A firm's long-term assets = $20,000, total assets = $150,000, inventory = $31,000 and current liabilities =

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TB MC Qu. 03-05 A firm's long-term assets... A firm's long-term assets = $20,000, total assets = $150,000, inventory = $31,000 and current liabilities = $40,000. What are the firm's current ratio and quick ratio? (Round your answer to 1 decimal place.) Multiple Choice Current ratio - 8.2. quick ratio = 7.5 Current ratio = 5.8: quick ratio -50 Current ratio - 13.2: quick ratio = 12.5 Current ratio 32. quick ratio - 2.5 18 of 30 !!! Next >

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