Multiple Choice
Tassel Pty Ltd has a current ratio of 2.5:1 and current liabilities of $10 000. If Tassel has $10 000 of inventory, the quick ratio is:
A) 2.25 to 1
B) 2.00 to 1
C) 2.33 to 1
D) 1.50 to 1
Correct Answer:
Verified
Correct Answer:
Verified
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