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What is acid-test

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Reference no: EM131913143

Prodigy Associates has current assets as follows:

Cash $16,000

Accounts Receivable $2,500

Inventory $9,000

If Prodigy has a current ratio of 2.960, what is their Acid-Test (quick) ratio? (round to 2 decimal places)

Reference no: EM131913143

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