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Gaspares Agricultural Cooperative Has Current Liabilities of $162,500, Net Working

Question 21

Multiple Choice

Gaspares Agricultural Cooperative has current liabilities of $162,500, net working capital of $28,560, inventory of $175,800, and sales of $1,941,840.What is the quick ratio?


A) .07
B) .16
C) .09
D) 1.08
E) 1.18

Correct Answer:

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