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A Firm Has $10 Million in Cash,$4

Question 13

Multiple Choice

A firm has $10 million in cash,$4.5 million in accounts receivable,and inventory of $8 million.The firm's accounts payable is $6.2 million and the firm has no short-term debt.What is the firm's current ratio?


A) 3.63
B) 1.05
C) 5.38
D) 2.90
E) 2.34

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