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Tressler Dry Cleaners Has Inventory of $1,700,accounts Payable of $4,200,cash

Question 121

Multiple Choice

Tressler Dry Cleaners has inventory of $1,700,accounts payable of $4,200,cash of $1,950,and accounts receivable of $3,680.What is the cash ratio?

A) 0.24
B) 0.46
C) 0.53
D) 0.98
E) 1.34

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