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A Firm Has $60,000 in Cash,$200,000 in Accounts Receivable,and $400,000

Question 25

Multiple Choice

A firm has $60,000 in cash,$200,000 in accounts receivable,and $400,000 in current liabilities.Its quick ratio is _____.

A) 0.5
B) 0.65
C) 1.7
D) 2.0

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