The Dry Dock Has Inventory of $431,700, Accounts Payable of $94,200

question 109

Multiple Choice

The Dry Dock has inventory of $431,700, accounts payable of $94,200, cash of $51,950, and accounts receivable of $103,680.What is the cash ratio?

• A).64
• B).55
• C).53
• D).98
• E)1.34

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