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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 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 $6,400 12,550 15,200 2,000 19,900 13,800 $69,850 $3,030 7,830 14,000 14,500 30, 490 $69,850 What is the company's quick facid-test) ratio (Round your answer to 2 decimal places.) Multiple Choice 333 0.76 o 137 174
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