Total Company Has Current Liabilities in the Amount of $1,250,000

question 213

Multiple Choice

Total Company has current liabilities in the amount of $1,250,000 and an acid test ratio of 3 and a current ratio of 7.What amount of quick assets does Total Company have on the balance sheet?

• A)$8,750,000
• B)$ 416,667
• C)$3,750,000
• D)$1,250,000
• E)$2,500,000

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Definitions:

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