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Cash is $20,000, prepaid expenses are $8,000, net income is $68,000, current liabilities are $52,000, accounts receivable are $20,000, and...

Cash is $20,000, prepaid expenses are $8,000, net income is $68,000, current liabilities are $52,000, accounts receivable are $20,000, and merchandise inventory is $10,000. The quick ratio is:

a.0.77

b.2.42

c.0.48

d.1.12

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The quick ratio is:= ( Quick Current... View the full answer

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Other Answers

Quick ratio = Quick assets / Current liabilities Quick Assets = Cash... View the full answer

1 comment
  • Sorry for the inconvenience, made a mistake in the answer.
    • karanguju
    • Oct 02, 2018 at 12:27pm

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