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The Dry Dock Has Inventory of $431,700, Accounts Payable of $94,200

Question 109

Multiple Choice

The Dry Dock has inventory of $431,700, accounts payable of $94,200, cash of $51,950, and accounts receivable of $103,680.What is the cash ratio?

A) .64
B) .55
C) .53
D) .98
E) 1.34

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