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What the quick ratio for the company is closest to

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Reference no: EM132825126

SolidCo's balance sheet for the most recent year end is below.

Current Assets

Marketable securities: 600

Cash: 3,000

Accounts receivable: 6,000

Less allowance for bad debt: -300

Inventory: 1,200

Total Current Assets: 10,500

Current Liabilities

Accounts payable: 4,000

Current portion of notes payable: 1,300

Other current accrued expenses: 2,000

Total Current Liabilities: 7,300

Problem 1: The quick ratio for this company is closest to:

Option 1: 1.32

Option 2: 1.27

Option 3: 1.26

Reference no: EM132825126

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