If Kingsbury has a current ratio of 3.2, what is its quick ratio?
Kingsbury Associates has current assets as follows:
Cash $3,000
Accounts receivable $4,500
Inventories $8,000
A) 2.07
B) 1.55
C) 0.48
D) 0.96
Answer: B
Business
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What will be an ideal response?
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