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A company's quick ratio is 1.5. If its current liabilities are $200,000 and inventory is $50,000, what are its current assets? A) $250,000 B) $300,000 C) $350,000 D) $400,000

A company's quick ratio is 1.5. If its current liabilities are $200,000 and inventory is $50,000, what are its current assets? A) $250,000 B) $300,000 C) $350,000 D) $400,000

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...
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A company's quick ratio is 1.5. If its current liabilities are $200,000 and inventory is $50,000, what are its current assets? A) $250,000 B) $300,000 C) $350,000 D) $400,000
Transcribed Image Text:A company's quick ratio is 1.5. If its current liabilities are $200,000 and inventory is $50,000, what are its current assets? A) $250,000 B) $300,000 C) $350,000 D) $400,000
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