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Find what is acid-test or quick ratio

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Problem 1: Cash is $475,000, Accounts Payable is $100,000, Accounts Receivable is $175,000, Wages Payable is $225,000, Bonds Payable is $217,000, Inventory is $650,000. What is acid-test (quick) ratio?

A) 2.0
B) 3.0
C) 4.0
D) None of the above

Reference no: EM133009695

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