Multiple Choice
Norton Company has the following assets on January 1, 2017 and January 1, 2016.
If Norton's quick ratio is 2.50 for 2017 and its current liabilities are $500,000, what is the amount of its accounts receivables?
A) $324,000
B) $204,000
C) $634,000
D) There is not enough information to answer this question.
Correct Answer:

Verified
Correct Answer:
Verified
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