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Martin, a Certified Fraud Examiner, is examining the quick ratio of the ABC Company
Martin, a Certified Fraud Examiner, is examining the quick ratio of the ABC Company. He notes that ABC has cash of $500,000, marketable securities of $1 million, receivables of $3 million, and inventory of $7 million. ABC's current liabilities are $2.25 million. What is ABC's quick ratio? Select one:
a. 2:1
b. None of the choices
C. 5:1
D. 1.1
Expert Solution
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