Options
- A
2.1
- B
3.7
-
2.6
Correct answer
- D
3.2
Why this is the answer
Current Assets = Current Ratio × Current Liabilities = 3 × 33,000 = 99,000. Quick Ratio = (Current Assets − Inventory) ÷ Current Liabilities = (99,000 − 13,000) ÷ 33,000 = 2.6.
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