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    Exam 2: Using Financial Statements and Budgets
  5. Question
    Mindy and Lou Had Liquid Assets of $10,000 and Current
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Mindy and Lou Had Liquid Assets of $10,000 and Current

Question 60

Question 60

Multiple Choice

Mindy and Lou had liquid assets of $10,000 and current debts of $30,000.What is their liquidity ratio?


A) 25%
B) 33%
C) 67%
D) 150%
E) 300%

Correct Answer:

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