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Slightly Used Goods Has Cash of $2,150, Inventory of $28,470

Question 66

Multiple Choice

Slightly Used Goods has cash of $2,150, inventory of $28,470, fixed assets of $9,860, accounts payable of $11,900, and accounts receivable of $4,660. What is the cash ratio?


A) 0.08
B) 0.18
C) 0.32
D) 0.46
E) 0.51

Correct Answer:

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