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03-06-2023
Business

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Crafter Company has the following assets and liabilities:
Assets
Cash $27,413
Accounts receivable 11,656
Inventory 28,928
Equipment 63,138
Liabilities
Current portion of long-term debt 10,600
Accounts payable 2,516
Long-term debt 57,077
Determine the quick ratio (rounded to one decimal point).
a.5.2
b.3.0
c.1.2
d.1.9

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