Smith Corporation Has Current Assets of $11,400, Inventories of $4,000

question 110

Multiple Choice

Smith Corporation has current assets of $11,400, inventories of $4,000, and a current ratio of 2.6. What is Smith's quick or acid test ratio?

• A) 1.69
• B) 0.54
• C) 0.74
• D) 1.35

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