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Using the following information, calculate the quick ratio: Cash $1,000 Accounts Receivable $5,000 Inventory $10,000 Fixed Assets $25,000 Accounts Payable $4,000 Long-term Debt $20,000 Annual
Using the following information, calculate the quick ratio:
| Cash | $1,000 |
| Accounts Receivable | $5,000 |
| Inventory | $10,000 |
| Fixed Assets | $25,000 |
| Accounts Payable | $4,000 |
| Long-term Debt | $20,000 |
| Annual Sales | $50,000 |
| Annual COGS | $40,000 |
A) 4.00
B) 1.50
C) 1.25
D) 0.67
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Credit Derivatives Handbook Global Perspectives Innovations And Market Drivers
Authors: Greg Gregoriou, Paul Ali
1st Edition
0071549528, 978-0071549523
