Question: Quick Ratio Calculation: Requirements: Calculate the quick ratio using the following information: Current Assets: $70,000 Inventory: $15,000 Current Liabilities: $40,000

Quick Ratio Calculation:

  • Requirements: Calculate the quick ratio using the following information:
    • Current Assets: $70,000
    • Inventory: $15,000
    • Current Liabilities: $40,000

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