Kingsbury Associates has current assets as follows:
Cash $3,000
Accounts receivable $4,500
Inventories $8,000
If Kingsbury has a current ratio of 3.2, what is its quick ratio?
a. 2.07
b. 1.55
c. 0.48
d. 0.96
Cash $3,000
Accounts receivable $4,500
Inventories $8,000
If Kingsbury has a current ratio of 3.2, what is its quick ratio?
a. 2.07
b. 1.55
c. 0.48
d. 0.96
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