From the following data for David ProElecticals, calculate the quick ratio. Cash $ 68,500 Accounts receivable 130,000 Inventories 213,000 Prepaid expenses 25,000 Total current assets $436,500 Less current liabilities 275,000 Working capital $

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A: Hence, the correct option is (D). The quick ratio is 0.73. It is obtained by dividing current assets…

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Q: Other Data Average net accounts receivable $7,900 $4,200 Average inventory 7,200 33,700 Net cash…

A: Formulae:

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A:

Q: From the following data for David ProElecticals, calculate the quick ratio. Cash…

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