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Nielsen's Has Inventory of $29,406, Accounts Receivable of $46,215, Net

Question 43

Multiple Choice

Nielsen's has inventory of $29,406, accounts receivable of $46,215, net working capital of $4,507, and accounts payable of $48,919. What is the quick ratio?


A) 1.55
B) 0.49
C) 1.32
D) 0.94
E) 0.92

Correct Answer:

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