Question: 36 Calculate the quick ratio or acid test ratio based on the information below: Total current assets Total current liabilities Inventory Accounts receivable Cash Long-term

36 Calculate the quick ratio or acid test ratio based on the information below: Total current assets Total current liabilities Inventory Accounts receivable Cash Long-term debt 1.36 0.71 0.81 1.71 120 80 55 35 30 100

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