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Eric & Jared's Department Store Has Current Liabilities of $7,630,net

Question 18

Multiple Choice

Eric & Jared's Department Store has current liabilities of $7,630,net working capital of $2,180,inventory of $2,750,and sales of $51,800.What is the quick ratio?


A) 0.79
B) 0.84
C) 0.93
D) 1.09
E) 3.50

Correct Answer:

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