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Convex Industries Has Inventories of $218 Million, Current Assets of $1.4

Question 87

Multiple Choice

Convex Industries has inventories of $218 million, current assets of $1.4 billion, and current liabilities of $504 million. What is its quick ratio?

A) 1.17
B) 0.94
C) 2.81
D) 2.35

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