A company has a current ratio of 2.0. Cash is 20%, accounts receivable is 40%,...
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Accounting
A company has a current ratio of 2.0. Cash is 20%, accounts receivable is 40%, and inventory is 40% of total current assets. What is the acid-test ratio for the company?
A.1.2
B.2.0
C.0.8
D.1.6
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