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A firm's long term assets = $75,000, total assets = $200,000, inventory = $25,000 and current liabilities = $50,000. Calculate the current ratio and quick

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A firm's long term assets = $75,000, total assets = $200,000, inventory = $25,000 and current liabilities = $50,000. Calculate the current ratio and quick ratio. Current ratio = 0.5; Quick ratio = 1.5 Current ratio = 1.0; Quick ratio = 2.0 Current ratio = 1.5; Quick ratio = 2.0 Current ratio = 2.5; Quick ratio = 2.0

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