Multiple Choice
Fernvale Pty Ltd has a current ratio of 2:1 with total current liabilities of $30 000.If Fernvale Pty Ltd's inventory is $7 500,the quick ratio is:
A) 2.67:1
B) 1.75:1
C) 2.25:1
D) 1.6:1
Correct Answer:
Verified
Correct Answer:
Verified
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