Assume the Following Data: Current Assets = 500; Current Liabilities

question 19

Multiple Choice

Assume the following data: Current assets = 500; Current liabilities = 250; Inventory = 200; Account receivables = 200.Calculate the cash ratio.(Assume that the firm has no marketable securities.)

• A)0.4
• B)2
• C)1.5
• D)1.2

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