A firm has net working capital of $3,000,000 with $4,500,000 of current assets. Its current assets include

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A firm has net working capital of $3,000,000 with $4,500,000 of current assets.

Its current assets include $600,000 of inventory and $150,000 of accounts receivable.

What is the company's quick ratio?

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Financial Accounting A User Perspective

ISBN: 978-0470676608

6th Canadian Edition

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

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Posted Date: May 02, 2023 03:14 AM

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A firm has net working capital of $3,000,000 with $4,500,000 of current assets. Its current assets include

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The quick ratio is a measure of a companys ability to pay its current liabilities using only quick a... View the full answer

Financial Accounting A User Perspective

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