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A Company's Current Assets Are $23,420,its Quick Assets Are $13,890

Question 182

Multiple Choice

A company's current assets are $23,420,its quick assets are $13,890 and its current liabilities are $12,220.Its acid-test ratio equals:

A) 0.88.
B) 1.91.
C) 1.14.
D) 0.52.
E) 1.41.

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