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A Company's Current Assets Are $23,420, Its Quick Assets Are

Question 142

Multiple Choice

A company's current assets are $23,420, its quick assets are $13,890 and its current liabilities are $12,220. Its acid-test ratio equals:

A) 1.14.
B) 1.41.
C) .52.
D) 0.88.
E) 1.91.

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