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The Following Information Was Extracted from Webb Company's Financial Statements

Question 18

Multiple Choice

The following information was extracted from Webb Company's financial statements:
The following information was extracted from Webb Company's financial statements: The current ratio and quick ratio for Webb Company are: A) Current ratio = 1.4286; Quick ratio = 1.1429 B) Current ratio = 1.1429; Quick ratio = 1.4286 C) Current ratio = 0.7143; Quick ratio = 0.4286 D) Current ratio = 0.4286; Quick ratio = 0.7143
The current ratio and quick ratio for Webb Company are:


A) Current ratio = 1.4286; Quick ratio = 1.1429
B) Current ratio = 1.1429; Quick ratio = 1.4286
C) Current ratio = 0.7143; Quick ratio = 0.4286
D) Current ratio = 0.4286; Quick ratio = 0.7143

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