Shown Below Are Selected Data from the Balance Sheet of Compros

question 133

Multiple Choice

Shown below are selected data from the balance sheet of Compros, a small electronics store (dollar amounts are in thousands) :
$$\begin{array} { | l | r | } \hline \text { Cash } & \$ 75 \\\hline \text { Accounts receivable } & \$ 135 \\\hline \text { Inventory } & \$ 240 \\\hline \text { Total assets } & \$ 900 \\\hline \text { Current liabilities } & \$ 300 \\\hline \text { Non current liabilities } & \$ 375 \\\hline\end{array}$$
-Refer to the above data. What is the quick ratio?

• A) 1.5 to 1.
• B) .7 to 1.
• C) .45 to 1.
• D) Some other amount.

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