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What is the quick ratio

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Reference no: EM133027868

Question - Souvenirs Pty Ltd has a current ratio of 3:1 and current liabilities of $15000. If Souvenirs Ltd has $10000 of inventory, what is the quick ratio?

a. 2.25 to 1

b. 2.00 to 1

c. 2.33 to 1

d. 1.50 to 1

Reference no: EM133027868

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