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Calculate the firm quick ratio

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Reference no: EM133000770

Problem 1: A company has the following current assets and current liabilities: $14,600 in cash, $23,800 in accounts receivable, $76,800 in inventory, and $63,500 in accounts payable. Based on this information, calculate the firm's quick ratio.

Select one:

a. 2.00
b. 1.55
c. 0.95
d. 1.10
e. 0.60

Reference no: EM133000770

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