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JCPenny's Total Quick Assets Were $5,888 Million

Question 112

Multiple Choice

J.C.Penny's total quick assets were $5,888 million.Its current assets were $11,700.Its current liabilities were $8,000.The acid-test ratio is:

A) .74.
B) .50.
C) 1.5.
D) .68.
E) 2.2.

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