Multiple Choice
A firm's current assets increase from 1.4 million in 2014 to 1.7 million in 2015.If the firm's current liabilities are unchanged at $1.1 million,and inventory remains unchanged,what is the change in the firm's quick ratio?
A) increase of 0.28
B) no change
C) increase of 0.30
D) cannot be determined
E) increase of 1.27
Correct Answer:
Verified
Correct Answer:
Verified
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