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Convex Industries Has Inventories of $150 Million, Current Assets of $1.05

Question 15

Multiple Choice

Convex Industries has inventories of $150 million, current assets of $1.05 billion, and current liabilities of $400 million. What is its quick ratio?

A) 2.25
B) 2.12
C) 0.44
D) 0.38

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