Jones Corp. reported current assets of $201,500 and current liablities of $143,000 on its most recent balance sheet. The currect assets consisted of $60,000 cash; $40,600 Accounts Recievable; and $100,900 if Inventory. The acid-test (quick) ratio is:

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A: Current assets:   Accounts receivable $51,000 Cash $24,600 Merchandise inventory $47,200…

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A:

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