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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 = $360,000, inventory = $32,000 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 = $360,000, inventory = $32,000 and current liabilities = $50,000. What are the firm's current ratio and quick ratio? (Round your answer to 1 decimal place.) Multiple Choice Current ratio = 11.8; quick ratio = 11.2 Current ratio = 9.3; quick ratio = 8.7 Current ratio = 16.8; quick ratio = 16.2 O

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