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You may use your feet silent Question 16 3 pts Sharpe Co. has the following balance sheet accounts: Cash $135 Marketable securities ....... $90 Accounts
You may use your feet silent Question 16 3 pts Sharpe Co. has the following balance sheet accounts: Cash $135 Marketable securities ....... $90 Accounts receivable......... $240 Inventory ........... $75 Current liabilities.............. $360 Sharpe has debt covenants requiring a minimum quick ratio of 1.20. The most amount of inventory the firm can purchase on short-term credit without dropping the quick ratio below the required minimum level is closest to? $44 $27 $33 $51
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