The number of quick assets and the acid test ratio for the company Shutterbug Cameras which has a cash balance of $ 24 , 400 , marketable securities of $ 140 , 000 , accounts receivable of $ 750 , 300 and current liabilities of $ 845 , 430 .

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Chapter 15.III, Problem 10RE

To determine

To calculate: The number of quick assets and the acid test ratio for the company Shutterbug Cameras which has a cash balance of $24,400, marketable securities of $140,000, accounts receivable of $750,300 and current liabilities of $845,430.

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