Options
- A
4.79
-
3.75
Correct answer
- C
4.00
- D
3.50
Why this is the answer
Quick Ratio = (CA − Inventory) / CL → 3 = (75,000 − 15,000) / CL → CL = 60,000 ÷ 3 = 20,000. Current Ratio = CA ÷ CL = 75,000 ÷ 20,000 = 3.75.
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