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A company has quick assets of 300000 and current

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Reference no: EM13479869

A company has quick assets of $300,000 and current liabilities of $150,000. The company purchased $50,000 in inventory on credit. After the purchase, the quick ratio would be

a. 2.0

b. 2.3

c. 1.5

d. 1.75

Reference no: EM13479869

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