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The balance sheet of a luggage manufacturer reports the following Cash$236,000 Accounts recelvable 439.000 Inventory200,000 Marketable securities 200,000 Current liabilities 700,000 Long term liabilities676.000 Based

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The balance sheet of a luggage manufacturer reports the following Cash$236,000 Accounts recelvable 439.000 Inventory200,000 Marketable securities 200,000 Current liabilities 700,000 Long term liabilities676.000 Based on the information provided the luggage manufacturer's quick ratio is Quick Ratio = (Current Assets - Inventory)/Current Liabilities 2.34 1.25 2.94 1.67

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