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Company ABC has the following Accounting data: ⚫ Current assets = $150,000 Inventory $50,000 . Current liabilities = $80,000 Calculate the quick ratio for Company ABC.

Company ABC has the following Accounting data: ⚫ Current assets = $150,000 Inventory $50,000 . Current liabilities = $80,000 Calculate the quick ratio for Company ABC.

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...
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Company ABC has the following Accounting data: ⚫ Current assets = $150,000 Inventory $50,000 . Current liabilities = $80,000 Calculate the quick ratio for Company ABC.
Transcribed Image Text:Company ABC has the following Accounting data: ⚫ Current assets = $150,000 Inventory $50,000 . Current liabilities = $80,000 Calculate the quick ratio for Company ABC.
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