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The December 31 balance sheet of Occidental Company includes the following information: Cash $60,000 Short-term investments 30,000 Accounts Receivable 170,000 Inventory 180,000 Prepaid Expenses 40,000
The December 31 balance sheet of Occidental Company includes the following information:
| Cash | $60,000 |
| Short-term investments | 30,000 |
| Accounts Receivable | 170,000 |
| Inventory | 180,000 |
| Prepaid Expenses | 40,000 |
| Current Liabilities | 200,000 |
| Total Liabilities | 600,000 |
What is Occidentals quick ratio at December 31?
Select one:
a. 0.8
b. 2.4
c. 1.3
d. 1.5
e. None of the above
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1119444367
