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A Firm Has $6 Million in Cash,$1

Question 6

Multiple Choice

A firm has $6 million in cash,$1.5 million in accounts receivable,and inventory of $4.2 million.The firm's accounts payable is $7.4 million and the firm has no short-term debt.What is the firm's quick ratio?


A) 0.81
B) 1.58
C) 1.01
D) 0.45
E) 0.77

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