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TSI IncHas Enough Liquid Assets to Finance Its Operations for 67

Question 59

Multiple Choice

TSI Inc.has enough liquid assets to finance its operations for 67 days and cash, marketable securities, and receivables totaling $1,000.TSI's average daily expenditures from operations are:


A) $6.70
B) $8.23
C) $14.93
D) $22.28 67 days = 1000/average daily expenditures

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