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

Question 173

Multiple Choice

ABC Corporation had total quick assets $5,888,000,current assets $11,700,000 and current liabilities $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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