What is the quick ratio if cash is $10,000, accounts receivable are $25,000, inventories are...
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Accounting
What is the quick ratio if cash is $10,000, accounts receivable are $25,000, inventories are $30,000, accounts payable are $40,000, and accrued payroll is $15,000?
a. 0.73
b. 1.13
c. 1.18
d. 2.00
e. 0.09
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