Compute Mayfields quick ratio

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Reference no: EM133103048

Question - Mayfield Inc. has the following data:

Current assets:

Cash $55,300

Accounts receivable 159,700

Inventories 236,400

Prepaid assets 14,680

Total current assets $466,080

Current liabilities $164,200

Required - Compute Mayfield's quick ratio.

Reference no: EM133103048

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