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Question(s) / Instruction(s):

A company has cash of $10,000, Accounts receivables of $90,000, Inventory of $40,000, Equipment of $70,000, Accounts payable $30,000. Interest payable $15,000, Short term notes payable $80,000 and Common stock of $60,000. The Quick ratio (acid test) is: a) .80 times b) 1.12 times c) 3.50 times d) .54 times e) None of the above

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