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Erambo Company Has $11,000 in Cash,$6,000 in Marketable Securities,$27,000 in Current

Question 67

Multiple Choice

Erambo Company has $11,000 in cash,$6,000 in marketable securities,$27,000 in current receivables,$8,000 in inventories,and $51,000 in current liabilities.The company's acid-test (quick) ratio is closest to:


A) 0.53 to 1.
B) 0.75 to 1.
C) 0.86 to 1.
D) 1.02 to 1.

Correct Answer:

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