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Rick's has a cash balance of $80,000; short-term investments of $20,000; net receivables of $60,000; and inventory of $450,000. Current liabilities total $200,000. Ricks' acid test (quick ratio) is within:

A. 3.05 to 1.

B. 2.25 to 1.

C. 0.80 to 1.

D. 0.54 to 1.

Accounting Basics, Accounting

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