Multiple Choice
A company has a current ratio of 2.0 and current assets of $550,000.It has cash of $50,000,short term investments of $150,000,accounts receivables of $50,000 and inventory of $300,000.What would be the quick ratio?
A) 2.0
B) 1.82
C) 0.53
D) .91
Correct Answer:
Verified
Correct Answer:
Verified
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