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Calculate company X new quick ratio after the purchase

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Reference no: EM133080437

Question - On may 1, Company X purchased $30000 inventory on credit from one of its suppliers. Prior to the purchase, company X had current liabilities of $110000, and a quick ratio of 2. Calculate company X new quick ratio after the purchase of inventory on credit. Round to 2 decimal places.

Reference no: EM133080437

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