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The financial statements of Ahmads Company indicated that: Cash $25,000, Account receivables $ 35,000, Inventory $240,000, Current liabilities $40,000, Net Sales $90,000 and Gross profit
The financial statements of Ahmads Company indicated that: Cash $25,000, Account receivables $ 35,000, Inventory $240,000, Current liabilities $40,000, Net Sales $90,000 and Gross profit is $32,000. The Quick Ratio is:
a. 1.5
b. 2.25
c. 7.5
d. 3.33
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