Solved

Cash Is $500, Inventory Is $4,800, Accounts Receivable Is $3,200

Question 4

Multiple Choice

Cash is $500, inventory is $4,800, accounts receivable is $3,200 and accounts payable is $2,400. What is the quick ratio?

A) 0.77
B) 1.54
C) 1.67
D) 3.33
E) 3.54

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