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The trial balance of Maritime Company included the following account balances: Cash, $25,000; Short-term Investments, $10,000; Accounts Receivable, $40,000; Inventory, $90,000; Prepaid Insurance, $12,000. Maritime's quick assets equal .The acid-test ratio, which uses quick assets in the numerator, differs from the current ratio, which uses current assets in the numerator, by excluding less liquid current assets.

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Accounting Basics, Accounting

Category:- Accounting Basics
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