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AAA's inventory turnover ratio is 13.27 based on sales of $14,200,000. The firm's current ratio equals 3.97 with current liabilities equal to $ 860,000. What is the firm's quick ratio? (Round your answer to two decimal places.) Group of answer choices 3.97 2.73 3.45 1.55 4.90

AAA's inventory turnover ratio is 13.27 based on sales of $14,200,000. The firm's current ratio equals 3.97 with current liabilities equal to $ 860,000. What is the firm's quick ratio? (Round your answer to two decimal places.) Group of answer choices 3.97 2.73 3.45 1.55 4.90

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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AAA's inventory turnover ratio is 13.27 based on sales of $14,200,000. The firm's current ratio equals 3.97 with current liabilities equal to $ 860,000. What is the firm's quick ratio? (Round your answer to two decimal places.) Group of answer choices 3.97 2.73 3.45 1.55 4.90
Transcribed Image Text:AAA's inventory turnover ratio is 13.27 based on sales of $14,200,000. The firm's current ratio equals 3.97 with current liabilities equal to $ 860,000. What is the firm's quick ratio? (Round your answer to two decimal places.) Group of answer choices 3.97 2.73 3.45 1.55 4.90
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