A company has current assets of Cash of $40,000; Accounts Receivable of $80,000; and Inventory of $60,000.

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A company has current assets of Cash of $40,000; Accounts Receivable of $80,000; and Inventory of $60,000. The total of its current liabilities is $120,000 and the total amount of its liabilities is $290,00

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Through this information, find the company’s quick ratio?

Related Book For answer-question

Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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Posted Date: Dec 23, 2023 10:41 PM

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A company has current assets of Cash of $40,000; Accounts Receivable of $80,000; and Inventory of $60,000.

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