A company has $750,000 in cash, $200,000 in marketable securities and $300,000 worth of accounts receivable. Its

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A company has $750,000 in cash, $200,000 in marketable securities and $300,000 worth of accounts receivable. Its current assets are worth $1,500,000 and its current liabilities are $1,000,000.

What is the company's quick ratio?

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Managerial Accounting

ISBN: 9781260247787

17th Edition

Authors: Ray Garrison, Eric Noreen, Peter Brewer

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Posted Date: Mar 02, 2024 03:11 AM

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A company has $750,000 in cash, $200,000 in marketable securities and $300,000 worth of accounts receivable. Its

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The companys quick ratio also known as the acidtest ratio is a measure of its ability to meet its sh... View the full answer

Managerial Accounting

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