CPA BAR Practice Questions - AICPA CPA Exam - Business Analysis & Reporting (BAR) Discipline Section Exam

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A company has current assets of $400,000, inventory of $150,000, prepaid expenses of $20,000, and current liabilities of $200,000. What is the quick (acid-test) ratio?

1.15 1.50 2.00 1.25

Correct Answer:

1.15

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