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The November 31, 2016, balance sheet of Ivey Company includes the following information: ...

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Accounting

The November 31, 2016, balance sheet of Ivey Company includes the following information:

Inventory $750,000

Prepaid Expenses 60,000

Total Current Assets 1,800,000

Total Current Liabilities 875,000

Accounts Payable 540,000

What is Iveys quick ratio at November 31, 2016?

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