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The following balance sheet Information is provided for Greene Company for Year 2 Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of
The following balance sheet Information is provided for Greene Company for Year 2 Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation Land $ 5,000 11,150 14,500 1,300 19,200 13,100 $64,250 Total assets Liabilities and stockholders' equity Accounts payable Salaries payable Bonds payable (due in ten years) Common stock, no par Retained earnings Total liabilities and stockholders' equity $ 2,610 8,530 10,500 18,000 24,610 $64,250 What is the company's quick (acid-test) ratlo? What is the company's quick (acid-test) ratio? Multiple Choice
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