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Question(s) / Instruction(s):

Given the following key balance sheet accounts:

Cash                                                $ 170,000

Accounts Receivable                $ 130,000

Inventory                          $ 350,000

Total Assets                      $1,000,000

Accounts Payable                    $400,000

Long-term Bond Payable             $ 300,000

Common stock $4 Par                $ 200,000

Retained Earnings                   $100,000

What is the quick ratio percentage?

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