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Calculate the quick ratio

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A company has the following assets and liabilities: Cash = 4529 KD Accounts payable = 2,000 KD Accounts receivable = 3,000 KD Accrued expenses = 2,500 KD Inventory = 5,000 KD Notes payable = 1,000 KD

Calculate the quick ratio. Note: Please include two decimal points in your answer.

Reference no: EM133067949

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