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ABC Corporation Had Total Quick Assets of $5,888,000,current Assets of $11,700,000,and

Question 122

Multiple Choice

ABC Corporation had total quick assets of $5,888,000,current assets of $11,700,000,and current liabilities of $8,000,000.Its acid-test ratio equals:

A) 0.50.
B) 0.68.
C) 0.74.
D) 1.50.
E) 2.20.

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