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TB MC Qu. 03-05 A firm's long-term assets... A firm's long-term assets = $30,000, total assets = $370,000, inventory = $24,000 and current liabilities =

TB MC Qu. 03-05 A firm's long-term assets... A firm's long-term assets = $30,000, total assets = $370,000, inventory = $24,000 and current liabilities = $20,000. What are the firm's current ratio and quick ratio? Note: Round your answer to 1 decimal place.
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Current ratio =22.0; quick ratio =20.8 Current ratio =19.5; quick ratio =18.3 Current ratio =27.0; quick ratio =25.8 Current ratio =17.0; quick ratio =15.8 Current ratio =22.0; quick ratio =20.8 Current ratio =19.5; quick ratio =18.3 Current ratio =27.0; quick ratio =25.8 Current ratio =17.0; quick ratio =15.8

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