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-Megaframe's Quick Ratio Is:
A) 1:1

question 42

question 42

Multiple Choice

$\begin{array}{l} \text { LIABILITIES AND SHAREHOLDERS' EQUITY }\\ \begin{array} { l r } \text { Accounts payable } & \$ 60,000 \\ \text { Accrued expenses } & 40,000 \\ \text { Long-term debt } & 130,000 \\ \text { Common stock } & 80,000 \\ \text { Retained earnings } & \underline { 100,000 } \\ \text { Total Liabilities and Shareholders' Equity } & \underline { \$ 410,000 } \end{array} \end{array} -Megaframe's quick ratio is: A) 1:1. B) 1:2. C) 1.6:1. D) 3:1.$
$\begin{array}{l}\text { LIABILITIES AND SHAREHOLDERS' EQUITY }\\\begin{array} { l r } \text { Accounts payable } & \$ 60,000 \\\text { Accrued expenses } & 40,000 \\\text { Long-term debt } & 130,000 \\\text { Common stock } & 80,000 \\\text { Retained earnings } & \underline { 100,000 } \\\text { Total Liabilities and Shareholders' Equity } & \underline { \$ 410,000 }\end{array}\end{array}$
$\begin{array}{l} \text { LIABILITIES AND SHAREHOLDERS' EQUITY }\\ \begin{array} { l r } \text { Accounts payable } & \$ 60,000 \\ \text { Accrued expenses } & 40,000 \\ \text { Long-term debt } & 130,000 \\ \text { Common stock } & 80,000 \\ \text { Retained earnings } & \underline { 100,000 } \\ \text { Total Liabilities and Shareholders' Equity } & \underline { \$ 410,000 } \end{array} \end{array} -Megaframe's quick ratio is: A) 1:1. B) 1:2. C) 1.6:1. D) 3:1.$
-Megaframe's quick ratio is:

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