Multiple Choice
Eral Company has $17,000 in cash,$3,000 in marketable securities,$36,000 in current receivables,$24,000 in inventories,and $45,000 in current liabilities.The company's acid-test (quick) ratio is closest to:
A) 0.44 to 1.
B) 0.80 to 1.
C) 1.24 to 1.
D) 1.78 to 1.
Correct Answer:
Verified
Correct Answer:
Verified
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