A Company Had Current Assets of $550,000 and a Current

question 111

Multiple Choice

A company had current assets of $550,000 and a current ratio of 2.0.The current assets consist of Cash of $50,000,Short-term investments of $150,000,Accounts receivable of $50,000,and Inventory of $300,000.Which of the following is closest to the company's quick ratio?

• A)2.0
• B)1.82
• C)0.53
• D)0.91

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