Multiple Choice
Erambo Company has $11,000 in cash,$6,000 in marketablesecurities,$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 which of the following?
A) 0.53 to 1.
B) 0.75 to 1.
C) 0.86 to 1.
D) 1.02 to 1.
Correct Answer:
Verified
Correct Answer:
Verified
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