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9/14/2018Assessment 31/2Home/My Courses/ACCT701-STACKED-31690-FALL2018/Module 3/Assessment 3Question Answer savedMarked out of 10.00The following data were abstracted from the 2014 December 31, balance sheet of AndrewsCompany: Cash $136,000 Short-term investments 64,000Accounts receivable 184,000Inventory 244,000Prepaid expenses 12,000Accounts Payable (all due within one year) 256,000Other short-term liabilities 64,000Bonds payable, long-term 400,000The current ratio is:1Select one:a. 1:2.b. 3:1.c. 2:1.d. 1.2:1.
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9/14/2018Assessment 31/2Home/My Courses/ACCT701-STACKED-31690-FALL2018/Module 3/Assessment 3Question Answer savedMarked out of 10.00The following data were abstracted from the 2014 December 31, balance sheet of AndrewsCompany: Cash $136,000 Short-term investments 64,000Accounts receivable 184,000Inventory 244,000Prepaid expenses 12,000Accounts Payable (all due within one year) 256,000Other short-term liabilities 64,000Bonds payable, long-term 400,000The quick ratio is:2
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9/14/2018Assessment 31/2Home/My Courses/ACCT701-STACKED-31690-FALL2018/Module 3/Assessment 3

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