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    Exam 19: Analysis and Interpretation of Financial Statements
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    Aster Limited Has a Current Ratio of 1
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Aster Limited Has a Current Ratio of 1

Question 29

Question 29

Multiple Choice

Aster Limited has a current ratio of 1.75 to 1 and current liabilities of $20 000. If Aster Limited's inventory is $8 000 the quick ratio is:


A) 1.75 to 1
B) 1.35 to 1
C) 1.4 to 1
D) 0.74 to 1

Correct Answer:

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