Roxy Corphas Total Current Liabilities of $22,000 and an Inventory of of $7,000.If

question 71

Multiple Choice

Roxy Corp.has total current liabilities of $22,000 and an inventory of $7,000.If its current ratio is 1.2,then what is Rocy's quick ratio?

• A) .88
• B) .75
• C) .64
• D) .36

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