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Determine what is the quick ratio

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Reference no: EM132470846

Problem 1: Souvenirs Pty Ltd has a current ratio of 3:1 and current liabilities of $15 000. It Souvenirs Ltd has $10000 of inventory, what is the quick ratio?

A. 2.25 to i

B. 2.00 to i

C. 2.33 to i

D. 1.50 to i

Reference no: EM132470846

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