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The crafter company had the following assets and liabilities as of December 31, 2012: Assets Cash 18,893 Accounts receivable 12,589 Inventory 23,020 Equipment 73,289 Liabilities
The crafter company had the following assets and liabilities as of December 31, 2012:
Assets
Cash 18,893
Accounts receivable 12,589
Inventory 23,020
Equipment 73,289
Liabilities
Current portion of long term debt 12,390
Accounts payable 3,145
Long term debt $67,517
Determine the quick ratio for the end of the year.
A. 3.5
B. 2.0
C. .8
D. 1.5
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