1) The Ivy Corporation shows the following data: Current assets: $400,000 Current liabilities: $210,000 Inventory: 500,000 Current assets Calculate the Current Ratio and the Quick Ratio (test ratio) for the Ivy Corporation.
1) The Ivy Corporation shows the following data: Current assets: $400,000 Current liabilities: $210,000 Inventory: 500,000 Current assets Calculate the Current Ratio and the Quick Ratio (test ratio) for the Ivy Corporation.
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