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A Company's Current Assets Are $17,980, Its Quick Assets Are

Question 89

Multiple Choice

A company's current assets are $17,980, its quick assets are $11,420 and its current liabilities are $12,190. Its quick ratio equals:

A) 2.40.
B) 0.94.
C) 1.48.
D) 1.57.
E) 1.07.

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