James Dean Corp. has net working capital of $90,000; current assets of $220,000; and inventory of $120,000.

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James Dean Corp. has net working capital of $90,000; current assets of $220,000; and inventory of $120,000. What is the approximate value of the quick ratio for James Dean Corp.?

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Fundamental Managerial Accounting Concepts

ISBN: 978-0078025655

7th edition

Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old

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Posted Date: Jul 12, 2023 02:27 AM

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James Dean Corp. has net working capital of $90,000; current assets of $220,000; and inventory of $120,000.

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The quick ratio also known as the acidtest ratio is a measure of a companys liquidity and ability to ... View the full answer

Fundamental Managerial Accounting Concepts

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