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The following data were taken from the balance sheet of Holzmann Company at the end of a fiscal year. Cash $560,000 Marketable Securities Accounts receivable
The following data were taken from the balance sheet of Holzmann Company at the end of a fiscal year. Cash $560,000 Marketable Securities Accounts receivable Inventories Prepaid Expenses Total Current Assets Accounts payable Accrued Liabilities Total Current Liabilities What is the quick ratio? 300,000 426,000 518,000 288,000 $2,092,000 $420,000 225,000 $645,000
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