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    Fundamental Accounting Principles Study Set 1
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    Exam 5: Accounting for Merchandising Operations
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    A Company's Quick Assets Are $147,000 and Its Current Liabilities
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A Company's Quick Assets Are $147,000 and Its Current Liabilities

Question 67

Question 67

True/False

A company's quick assets are $147,000 and its current liabilities are $143,000. This company's acid-test ratio is 1.03.

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