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solina solina
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7 years ago
Kingsbury Associates has current assets as follows:

Cash    $3,000
Accounts receivable    $4,500
Inventories    $8,000

If Kingsbury has a current ratio of 3.2, what is its quick ratio?
A) 2.07
B) 1.55
C) 0.48
D) 0.96
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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vanrheevanrhee
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7 years ago
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solina Author
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#2
7 years ago
Really appreciate the assistance, very kind of you!
Heavy Heart Thank you bio-forums! Heavy Heart
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