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What is the quick asset ratio

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Reference no: EM132629152

Problem 1: What is the Quick Asset Ratio (expressed as a formula) for the following figures?

Current assets: $2,000,000

Stock: $55,000

Current liabilities: $1,300,000

Bank overdraft: $45,000

Problem 2: What is the Proprietary Ratio (expressed as a percentage)given the following?

Total proprietorship: $375,000

Total assets: $1,500,000

Reference no: EM132629152

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