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Assume a Company Has Inventory Valued at $50,000, Its Total

Question 31

Multiple Choice

Assume a company has inventory valued at $50,000, its total current assets, including this inventory, total $90,000.Its total current liabilities total $20,000.Its quick ratio is:


A) 1
B) less than 1
C) .5
D) 2
E) 1.8

Correct Answer:

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