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The balance sheet of Karim Imports lists the following account balances: cash $6,450; supplies $1,200; accounts receivable $15,360; office equipment $8,500; merchandise inventory $28,775; current
The balance sheet of Karim Imports lists the following account balances: cash $6,450; supplies $1,200; accounts receivable $15,360; office equipment $8,500; merchandise inventory $28,775; current assets $65,800; accounts payable $12,650; mortgage payable $45,380; current liabilities $32,240 What is Karim Imports quick-ratio? (Round your answer to the nearest tenth.)
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
