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A Company's Current Assets Were $17,980, Its Quick Assets Were

Question 123

Multiple Choice

A company's current assets were $17,980, its quick assets were $11,420 and its current liabilities were $12,190. Its quick ratio equals:

A) 0.94.
B) 1.07.
C) 1.48.
D) 1.57.
E) 2.40.

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