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The Current Assets of Global Acorn Are Valued at 25

Question 82

Multiple Choice

The current assets of Global Acorn are valued at 25 million dollars and its current liabilities are at 6 million dollars. If its inventory is worth 1 million dollars, what is its quick ratio?


A) 4
B) 0.25
C) 0.14
D) 3.6

Correct Answer:

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