Question: 30 Calculate the quick ratio based on the information below. Cash & equivalents: 12,000 Marketable securities: 5,000 Accounts receivable: 6,000 Inventory: 2,800 Current liabilities: 8,500

30 Calculate the quick ratio based on the information below. Cash

30 Calculate the quick ratio based on the information below. Cash & equivalents: 12,000 Marketable securities: 5,000 Accounts receivable: 6,000 Inventory: 2,800 Current liabilities: 8,500 Current portion of long-term debt: 15,000 Interest expense: 1,100 1.6 1.1 2.4 2.7

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