Chapter 21, Problem 3UJ

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XYZ Industries' total quick assets were $4,500,000, its current assets were $9,800,000, and its current liabilities were $5,000,000. Its acid-test ratio equals: a. 0.46 b. 0.90 c. 1.96 d. 1.20 e. 2.18

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What is the company total equity?

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