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Some selected financial statement items belonging to Fanar Company are given in the table below. According to this information, which of the following is the Quick Ratio? Inventory 11,500 Current Assets 63,000 Current Liabilities 20,000 Non-current Assets 90,000 Net Profit 13,000 Shareholders' Equity 65,000 Select one: a. 2.63 b. 2.58 c. 1.99 d. 0.91

Some selected financial statement items belonging to Fanar Company are given in the table below. According to this information, which of the following is the Quick Ratio? Inventory 11,500 Current Assets 63,000 Current Liabilities 20,000 Non-current Assets 90,000 Net Profit 13,000 Shareholders' Equity 65,000 Select one: a. 2.63 b. 2.58 c. 1.99 d. 0.91

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
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Some selected financial statement items belonging to Fanar Company are given in the table below. According to this information, which of the following is the Quick Ratio? Inventory 11,500 Current Assets 63,000 Current Liabilities 20,000 Non-current Assets 90,000 Net Profit 13,000 Shareholders' Equity 65,000 Select one: a. 2.63 b. 2.58 c. 1.99 d. 0.91
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