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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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![From the following list of accounts calculate the quick ratio.
(Click the icon to view the accounts.)
OA. 2.1
OB. 1.7
OC. 2.9
OD. 2.3
Data table
Cash
Accounts receivable
Inventory
Prepaid insurance
Accounts payable
Salary payable
Notes payable (due in two years)
Short-term investments
Print
Done
$
9,000
11,000
10,000
5,000
10,000
3,000
12,000
7,000
X](https://content.bartleby.com/qna-images/question/4c665868-de41-40f8-8cb7-74c0a7f12ac2/338f65c9-e053-42d6-883d-0deec5886098/31tbrp4_thumbnail.png)
Transcribed Image Text:From the following list of accounts calculate the quick ratio.
(Click the icon to view the accounts.)
OA. 2.1
OB. 1.7
OC. 2.9
OD. 2.3
Data table
Cash
Accounts receivable
Inventory
Prepaid insurance
Accounts payable
Salary payable
Notes payable (due in two years)
Short-term investments
Print
Done
$
9,000
11,000
10,000
5,000
10,000
3,000
12,000
7,000
X
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