Question: Calculate the quick ratio or acid test ratio based on the information below:Total current assetsTotal current liabilitiesInventoryAccounts receivableCashLong - term debt 1 2 0 8

Calculate the quick ratio or acid test ratio based on the information below:Total current assetsTotal current liabilitiesInventoryAccounts receivableCashLong-term debt120805535301001,711.360,710.81

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