Multiple Choice
Quicksilver Co. has cash of $41,000; net Accounts Receivable of $51,000; short-term investments of $15,000 and inventory of $32,000. It also has $28,000 in current liabilities and $39,000 in long-term liabilities. The quick ratio for Quicksilver is:
A) 4.96.
B) 3.82.
C) 0.80.
D) 1.60.
Correct Answer:
Verified
Correct Answer:
Verified
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