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The following balance sheet Information is provided for Greene Company for Year 2: $ 4,400 10,550 14,200 1,000 18,900 12,800 $61,850 Assets Cash Accounts receivable
The following balance sheet Information is provided for Greene Company for Year 2: $ 4,400 10,550 14,200 1,000 18,900 12,800 $61,850 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 $ 2,430 8,830 9,000 19,500 22,090 $61,850 What is the company's quick (acid-test) ratio? (Round your answer to 2 decimal places Multiple Choice o o 2.68 o 0.74 o 1.33 loo us Next
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