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A Firm Has $400,000 in Cash,$250,000 in Accounts Receivable,and $700,000

Question 88

Multiple Choice

A firm has $400,000 in cash,$250,000 in accounts receivable,and $700,000 in current liabilities.Its quick ratio is ________.

A) 0.36
B) 0.57
C) 0.93
D) 1.14

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