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03-06-2023
Business

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AAA's inventory turnover ratio is 16.62 based on sales of $21,600,000. The firm's current ratio equals 4.25 with current liabilities equal to $830,000. What is the firm's quick ratio? (Round your answer to two decimal places.) a) 1.52 b) 4.25 c) 3.59 d) 2.68 e) 5.24

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