Multiple Choice
Lee Company has a current ratio of 2.65. The acid test ratio is 2.01. The current liabilities of Lee are $45,000. The dollar amount of merchandise inventory is (assume no prepaid expenses) :
A) $28,008
B) $28,800
C) $90,450
D) $90,540
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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