Multiple Choice
Total Company has current liabilities in the amount of $1,250,000 and an acid test ratio of 3 and a current ratio of 7.What is the amount of quick assets that Total Company has on the balance sheet?
A) $8,750,000
B) $ 416,667
C) $3,750,000
D) $1,250,000
E) $2,500,000
Correct Answer:
Verified
Correct Answer:
Verified
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