Question: Practical Problem 3 The following information is given for Company B: Total cash, securities, and receivables Total current liabilities Year 1 Year 2 $250,000 $300,000

Practical Problem 3 The following information is given for Company B: Total cash, securities, and receivables Total current liabilities Year 1 Year 2 $250,000 $300,000 $122,000 $315,000 1) Calculate the quick ratio for Company B for years 1 and 2. 2) What is the possible fraud implication of Company B's quick ratio

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