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The following information relates to ABC, Inc.: Total assets = $400,000 Long-term assets = $150,000 Inventory = $50,000 Current liabilities = $100,000 What are the

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The following information relates to ABC, Inc.: Total assets = $400,000 Long-term assets = $150,000 Inventory = $50,000 Current liabilities = $100,000 What are the firm's current and quick ratios respectively? Select one A. Current ratio = 0.5; quick ratio = 1.5 B. current ratio = 1.0; quick ratio = 2.0 C. current ratio = 1.5; quick ratio = 2.0 D. current ratio = 2.5; quick ratio = 2.0

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