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KLM Corporation's Quick Assets Are $5,888,000,its Current Assets Are $11,700,000

Question 57

Multiple Choice

KLM Corporation's quick assets are $5,888,000,its current assets are $11,700,000 and its current liabilities are $8,000,000.Its acid-test ratio equals:


A) 0.50.
B) 0.68.
C) 0.74.
D) 1.50.
E) 2.20.

Correct Answer:

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