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Carole's Clothing Store is applying for a loan to remodel the...

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Accounting

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Carole's Clothing Store is applying for a loan to remodel the storefront. The bank asks Carole for a detailed balance sheet, so it can compute the quick ratio. Carole's balance sheet included the following accounts: Cash: $10,000 Accounts Receivable: $5,000 Inventory: $5,000 Stock Investments: $1,000 Prepaid taxes: $500 Current Liabilities: $15,000 Calculate Carole's quick ratio

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