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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
Piper Inc. has cash of $56,000; net Accounts Receivable of $67,000; short-term investments of $12,000 and inventory of $40,000. It also has $45,000 in current liabilities and $75,000 in long-term liabilities. The quick ratio for Piper Inc. is:
A) 2.33.
B) 2.73.
C) 3.00.
D) 3.89.
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Financial Accounting

Financial Accounting


Edition: 3rd
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antonio_johnantonio_john
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Massachusetts Institute of Technology
-- Accounting

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bravata Author
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7 years ago
Helped a lot
larrybrads
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Yesterday
Thanks
jayfo05
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Brilliant ツ
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