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Question
Jones Corp. reported current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet. The current assets consisted of $62,000 Cash; $43,000 Accounts Receivable; and $88,000 of Inventory. The acid-test (quick) ratio is:A.1.4:1
B.0.77:1.
C. 0.54:1.
D.1:1.
E.0.64:1.
Answer
This answer is hidden. It contains 87 characters.
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